Bondholders team up ahead of Zambia LM

Zambia class_PA_575x375
By Ross Lancaster
24 Jun 2020

International bondholders have formed a specialist committee to conduct negotiations with Zambia after the country announced a liability management exercise to control its debt.

Zambia has been one of the hardest hit emerging market bond issuers since the Covid-19 crisis erupted. Market participants quickly flagged the country’s debt burden as a risk. Since then, the country has announced a liability management exercise for its external debt.

In response, 10 firms holding about ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial