Tuesday, 24 June 2008

Botswana aims to kickstart securitisation

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.

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