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Vol 61 No 20

Published 8th October 2020


The great bond bust

Deteriorating relations between the holders of Zambia's $3 billion Eurobonds and the government after its 22 September request for a six-month suspension of coupon payments point to one of two outcomes. Either Lusaka struggles to keep up the payments as it negotiates a full restructuring of all three Eurobonds or, more likely, it defaults and forces a restructuring.

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