Govt seeks to amend bond conditions – Nkulukusa
Published On May 14, 2024 » 732 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Nkulukusa

By JOSEPH BANDA –
THE Government has launched a consent solicitation process with bondholders in which it wants to request the amendment of conditions of the original deals, in order to achieve debt restructuring.
This is in respect to the US$750 million bonds due in 2022, US$1 billion bond due in 2024 and US$ 1.25 billion due in 2027.
Zambia has already achieved debt restructuring with official creditors.
According to a statement released yesterday, by Secretary to the Treasury Felix Nkulukusa the consent solicitation was the next step in Zambia’s debt restructuring with Eurobond holders after an agreement in principles reached by the Government and the steering committee of the Ad Hoc Creditor Committee.

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