Zambia yield depends on seven day bond pitch

By Steven Gilmore
27 Mar 2014

Zambia has its work cut out on a seven day roadshow that began on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.

Barclays and Deutsche Bank will take the issuer to meet investors in the US and UK ahead of a 144A/RegS dollar benchmark, which would be the sovereign’s second international bond deal.

It sold its debut, a $750m 2022 bond, in 2012, which has come under pressure in the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial