Botswana bonds on the horizon.

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Botswana is a step closer towards its ambition of turning the country into Southern Africa's financial hub with the news that a sovereign bond issue is in the offing. "A sovereign bond issue is under active consideration by the government to develop the market," a senior banker in Gaborone confirms. "But so far there is no decision on its timing, size, currency or maturity." Rating agencies Standard and Poor and Moody...

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