Stanbic Financial Services (SFS) has successfully placed a bond issuance of up to BWP150 million in the local bond market for Stanbic Bank Botswana Limited (SBBL). The issuance was used to refinance SBBL’s notes that had matured on the 11th (SBBL061) and 12th (SBBL060) of March 2023. The BSE-listed 5-year fixed rate senior unsecured notes were issued from the Bank’s BWP2 billion domestic medium-term note programme.
“This issuance showcases our Debt Capital Markets (DCM) capabilities and vision to continue developing Botswana’s local debt capital markets,” says Karabo Matentji, SCA Regional Head of DCM, Standard Bank Corporate and Investment Banking (CIB). “Through our DCM offering, we acted as sole lead arranger. This transaction supports Standard Bank’s commitment to help develop the local currency bond markets and help drive more regular issuances in the Botswana bond market.”
This issuance marks the Bank’s second bond issuance of 2023 in Botswana. It is a demonstration of the strength and depth of the Bank’s investor relationships universe.
“In the midst of a dynamic macro-economic environment, reinforcing our commitment to assist issuers manage market headwinds and achieve their strategic goals. The successful issuance was anchored by one of the largest fixed income investors in Botswana,” says Tumi Mmolawa, Head of Investment Banking, Stanbic Bank Botswana.