Search

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.

Recent Business

Over 500 Ethiopian drivers stranded at Djibouti Port. Photo by Ethiopian Heavy Truck Drivers Association/Facebook
Middle East shock: Kenya, Tanzania and Ethiopia’s fuel crisis is exposing East Africa’s energy fault lines
Read More »
Trade surges in Africa. Photo by Kurt Cotoaga @ Unsplash
Middle East conflict: How Afreximbank’s $10bn crisis fund could shield Africa’s economies
Read More »
Diamond. Photo by Plato Terentev @ Pexels
Can Botswana's diamond collapse signal the end of Africa’s gem dominance?
Read More »

Recent Politics

Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »

Latest Posts

Latest news insights