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Finance Minister, Alexander Chikwanda has predicted high
expectations from the planned multi-million Sovereign-bond soon to be issued by
the Zambian government.
Mr Chikwanda has since announced an increase in the
amount of the bond from 500 million to 70 million dollars.
He said in parliament that government expects high
investor appetite for the debt adding that indications are that the bond might
be over-subscribed thereby facilitating a raise to 700 million dollars.
Zambia has a B+ long-term credit rating with a stable
outlook from Fitch and Standard and Poor's, which has been described as having created
conditions for increased borrowing from the international community.
Mr Chikwanda has further elaborated that investor confidence
had improved on the back of a fight against corruption.
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