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Moody’s Backs Botswana’s Credit Profile as Investors Rush for 15-year Bond

Updated: May 7



  • Moody's Ratings has changed the outlook on the Government of Botswana to negative from stable

  • Botswana’s 15-Year Bond Beats Benchmarks, But Risks Keep Investors Guarded

  • Return profiles not compelling aren’t been taken up

  • Investors price out govt

  • Government paid about P2 billion for a maturing bond in March


Botswana’s 15-year bond has drawn strong investor interest, with yields aligning closely with market expectations.

 

At its March bond auction, the government raised P608 million through a 15-year bond, which is more than the P500 million it had planned to borrow, according to the Bank of Botswana.

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