Zambia reaches debt restructuring deal with bondholders, consolidating $3bn of sovereign bonds.
Zambia reaches debt restructuring deal with bondholders, marking progress in its three-year-long process. The agreement involves consolidating $3 billion worth of the country's sovereign bonds, extending their terms and deadlines while also introducing provisions for faster payments if Zambia's economy performs well. The deal follows Zambia's agreement with its bilateral creditors, including China and India, in February 2024.
March 25, 2024
21 Articles