Zambia yield depends on seven day bond pitch
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? Login