Musokotwane breaks it down!
Published On March 28, 2024 » 708 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Musokotwane

By JAMES KUNDA
SEVENTY-FIVE per cent of Zambia’s external debt stands restructured following Monday’s agreement with the Eurobond holders, Finance Minister Situmbeko Musokotwane has said.
Dr Musokotwane said the only debt remaining was that owed to other commercial creditors.
He said in a ministerial statement to Parliament yesterday that the bondholders would be invited to exchange or vote in favour of consent to amend the terms of their bonds for new fixed income instruments representing unsecured obligations of the Government which may be referred to as new bonds.

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