ZAMBIA RECEIPTS SOVEREIGN BOND PROCEEDS

The Zambia Central Bank has confirmed receipt of the US$ 750 million Euro-bond.

Recently, Zambia sold its first Euro-bond, which was conversely over-subscribed, raising 750 US$ 750 million, from the initially planned US$ 500 million.

But the Bank of Zambia has confirmed receipting the respective money, which it says came in two tranches.

Part of the money is said to have been transmitted from Europe and the other from the United States, therefore the two tranches.

The respective Euro-bond, with a 5.4 % interest, was facilitated by the Barclays bank group of the United Kingdom and the Duetsche bank group of Germany.