{"id":39720,"date":"2023-12-01T07:12:53","date_gmt":"2023-12-01T07:12:53","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=39720"},"modified":"2023-12-01T04:32:00","modified_gmt":"2023-12-01T04:32:00","slug":"yields-fall-as-govt-raises-p1-4bn-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt","title":{"rendered":"Yields fall as gov&#8217;t raises P1.4bn debt"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at the most recent auction of notes, with yields falling amidst oversubscription by bidders.<\/b><\/p>\n<p>The auction held on November 24 is the fourth in a row where the central bank has been able to raise the target amount of debt it has been seeking for government. The latest trend is a sharp turnaround from the prolonged period of under-allotment that greeted government\u2019s decision to double its domestic debt programme to P30 billion in September 2020.<\/p>\n<p>Figures from the latest auction show that government\u2019s borrowing costs eased, as reflected by the stop-out yields published by the central bank. Data compiled by Kgori Capital indicates that yields tumbled across the two treasury bills and three bonds offered at the auction, by as much as 65 basis points. BoB figures show a trend of oversubscription for the notes on offer, with bids for the three-month treasury bill valued at P1.1 billion against the P300 million on offer.<\/p>\n<p>Central bank officials previously said liquidity has been on the rise in the local market, helped along by changes to pension fund rules that require them to retain more of their assets domestically as opposed to offshore.<\/p>\n<p>BoB\u2019s financial markets department director, Lesego Moseki told journalists last month that from about P3.5 billion earlier this year, liquidity in the market was estimated at P10 billion. This, he said, had transmitted into an increase in the demand for government bonds. Kgori Capital chief investment officer, Tshegofatso Tlhong told the firm\u2019s Global Multi-Asset End of Year Review Call on Monday that yields were declining in line with increasing demand.<\/p>\n<p>She added that while there were expectations of higher liquidity in the short term, it was likely that most pension funds had already met the target of where they are required to be this year in terms of assets held locally.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at the most recent auction of notes, with yields falling amidst oversubscription by bidders. The auction held on November 24 is the fourth in a row where the central bank has been [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":39719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-39720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Yields fall as gov&#039;t raises P1.4bn debt - Botswana<\/title>\n<meta name=\"description\" content=\"The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yields fall as gov&#039;t raises P1.4bn debt\" \/>\n<meta property=\"og:description\" content=\"The Bank of Botswana (BoB) met its target of raising P1.4 billion in debt for government from the capital market at t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-01T07:12:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/12\/sm_1701392408.789182.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Yields fall as gov&#8217;t raises P1.4bn debt\",\"datePublished\":\"2023-12-01T07:12:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/12\/sm_1701392408.789182.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/yields-fall-as-govt-raises-p1-4bn-debt\",\"name\":\"Yields fall as gov't raises P1.4bn debt - 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