Letshego Africa Holdings Limited has raised BWP10 million through the issuance of senior unsecured and unsubordinated notes under its amended and restated BWP3.5 billion Medium Term Note Programme, reinforcing the group’s continued use of domestic capital markets to support its funding and liquidity requirements. The issuance forms part of a broader programme that has enabled the Botswana headquartered financial services group to access institutional capital across multiple tenors and currencies.
According to details released to the market, the notes were issued on 5 May 2026 and are scheduled to mature on 29 June 2026. The instrument carries a fixed coupon rate of 10.90 per cent per annum, with both principal and interest payable at maturity through a single bullet payment structure.
The notes were issued at par, representing 100 per cent of their nominal value, and are held in uncertificated form through the Central Securities Depository Botswana. They have been listed on the Botswana Stock Exchange Interest Rate Market under bond code LAHL CPB 0626 335 and ISIN BW0000007251.
The entire BWP10 million tranche was allocated through a private placement to IPRO Botswana Money Market Fund, reflecting sustained participation by domestic institutional investors in Botswana’s debt capital markets.
Letshego stated that the notes rank pari passu with its other senior unsecured obligations, placing investors on an equal footing with the company’s existing senior creditors in the event of any claims against the issuer.
The transaction was arranged by Absa Securities Botswana Limited, while Motswedi Securities acted as sponsoring broker.
The issuance comes as Letshego continues to utilise its expanded BWP3.5 billion Medium Term Note Programme to diversify funding sources and manage capital requirements across its pan African operations. The group provides inclusive financial services and lending solutions across several African markets, including Botswana, Namibia, Mozambique, Lesotho, Eswatini, Kenya, Rwanda, Uganda, Tanzania, Nigeria and Ghana.
Market disclosures indicate that Moody’s Investors Service affirmed Letshego’s B1 issuer rating with a stable outlook in August 2025 and assigned the company a B1 Corporate Family Rating, providing an independent assessment of the group’s credit profile. The rating remains an important benchmark for institutional investors evaluating the risk characteristics of the company’s debt instruments.
The latest issuance highlights the continued development of African capital markets as financial institutions increasingly tap domestic funding pools to support lending activities and balance sheet management. For investors, such instruments provide opportunities to participate in the growth of African financial services while contributing to the deepening of local currency debt markets that are increasingly viewed as critical to long term economic resilience across the continent.
As African financial institutions seek to broaden access to credit and financial inclusion, capital raising initiatives such as Letshego’s note programme underscore the growing role of regional debt markets in mobilising domestic savings for productive investment. In Botswana and beyond, these developments continue to demonstrate the importance of locally anchored financial ecosystems in supporting sustainable economic growth across Africa.
