Tuesday, July 16, 2024

Access Bank to list hundreds of millions of unsecured bonds

Access Bank Botswana on Friday issued warning bells to the market about its intention to list two unsecured bonds forming part of the P 2 billion medium term note programme.

The privately placed two bonds are for P 100 million and P150 million for three and five years respectively. The first three years are expected to attract a fixed interest of 8.50 percent while the fifth year will be at princely interest of 9.25 percent.

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