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.

You need an active subscription to continue reading this article.

Recent Business

hassan-kibwana-mvQpDUj06T8-unsplash
Kenya's business activity contracts sharply amid protests, weak demand
Read More »
Breaking News
Ethiopia set to begin historic domestic gas production
Read More »
muhammad-taha-ibrahim-K32RRhbupME-unsplash
IMF warns Nigeria recovery fragile despite reform gains
Read More »

Recent Politics

james-wiseman-IebZAH6kaNw-unsplash
Trump pushes trade-first Africa strategy to counter rivals
Read More »
Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »

Latest Posts

Latest news insights