Zambian Stakeholders Optimistic Following Bondholder Approval of Eurobond Restructuring

• Bondholders’ approval of Zambia’s Eurobond restructuring plan sparks optimism
• Extraordinary meeting of noteholders scheduled for June 4

Lusaka, Zambia – Following the bondholders’ decision on Tuesday to accept Zambia’s solicitation consent for restructuring its $3 billion Eurobond under the G20 Common Framework, stakeholders have expressed cautious optimism. The approved consent solicitation covers $750 million notes due in 2022, $1 billion notes due in 2024, and $1.25 billion notes for 2027, as announced by Secretary to the Treasury Felix Nkululusa through the London Stock Exchange.