Business

BAZ gives Eurobond tips

NANCY MWAPE, Lusaka
AS THE country prepares payments for the first Eurobond due in 2022, the Bankers’ Association of Zambia (BAZ) says Government should be transparent in the refinancing process and set aside US$50 million in the sinking fund.
In September 2022, Government will make its first principal payment on the Eurobond amounting to US$750 million.
BAZ chief executive officer Leonard Mwanza said the association acknowledges the challenges posed by the high external debt situation of US$10.23 billion. CLICK TO READ MORE

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