Last week saw the listing of the P2billion Stanbic Bank Botswana bond programme. This prompted the Botswana Stock Exchange and the National Development Bank to restart initiatives to develop a securitisation market in Botswana.
To develop a securitised market in the country it is neccessary to have a credit rating agency on board. That way it possible for local companies to be rated at a reasonable cost. Apparently, the BSE is in negotiations with one such agency and we can expect developments sometime soon.