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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Dakar, Senegal © Unsplash
Senegal's debt trap tightens as restructuring deadline nears
Read More »
Policeman on the street of Addis Ababa, Ethiopia. Photo by Hailegebrel Nigussie @ Unsplash
Ethiopia’s Tigray war returns as Pretoria peace unravels
Read More »
Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Can Ghana cut rates again? Inflation risks return
Read More »

Latest Posts

Latest news insights