Economy

Zambia Debuts US$700m Eurobond

FIFTEEN potential book runners and five legal advisors have expressed interest in Zambia’s debut Eurobond of as much as US$700 million.  The Zambia Public Procurement Authority (ZPPA) is currently evaluating the bids for both the book runner and the legal adviser.  Bank of Zambia deputy governor of operations, Bwalya Ng’andu expressed confident that results for the successful winners for both the book runner and the legal adviser would be announced by the ZPPA soon.

A Eurobond is an international bond issued in a currency other than the currency of the country or market in which it is issued.  Dr Ng’andu said Zambia will have a successful bond issuance going by the list of companies that expressed interest in it.

Source: Zambia Daily Mail 

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