Stanbic Bank Botswana is advancing a strategic shift in its capital structure with a P300 million early redemption of subordinated unsecured Tier 2 notes, initially set to mature in November 2029. The bank confirmed its decision to redeem the notes—listed as SBBL 068 and SBBL 069—on November 28, 2024, five years ahead of schedule. The move follows provisions in the note agreements that allow for early redemption at the five-year mark, enabling Stanbic to retire debt early as part of a broader financial recalibration within its P2 billion note issuance program.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
