Cabinet nods appointment of DB as Eurobonds adviser
Published On June 20, 2024 » 667 Views» By Times Reporter » Latest News
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CABINET has approved the appointment of Deutsche Bank (DB) as Zambia’s Fiscal Agent to help restructure the three Eurobonds to two new bonds as part of Zambia’s external debt management.
The three bonds were acquired on September 20, 2012, April 14, 2014 and July 30, 2015 amounting to US $750 million, US $1 billion and US $1.25 billion respectively.
The decision was based on Public Debt Management Regulations, 2024, intended to appoint an international fiscal agent for the issuance of the new notes under Bond A and B in accordance with the provisions of the Public Debt Management Act.

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