Please wait, loading...

 

All eyes on Euro bondholders  vote

November 13, 2020by Nicholas Kabaso0

Front and centre of domestic financial markets today will be on the Eurobond holders vote on Zambia’s request for an interest payment holiday. Recent rhetoric suggests that the Eurobond holders are set to vote against Zambia’s request today, citing Zambia’s lack of progress in talks with the International Monetary Fund and poor transparency regarding its borrowing from China. It is worth noting that the vote coincides with the cut-off date for the grace period for missing a coupon payment on one of its Eurobonds. A failure to meet its debt obligation and a vote against Zambia’s request could trigger a default event.

Please click here to access the full Market Watch

Nicholas Kabaso

Leave a Reply

Your email address will not be published. Required fields are marked *

ABC Unit Trust Head Office
Pioneers of Unit Trusts in Zambia.
Corner of Nasser/Church Roads,
Post box 37107, Lusaka, Zambia
ABC Unit Trust Contact Details
Contact the Pioneers of Unit Trusts in Zambia.
GET IN TOUCHABC Unit trust Social links
Talk to us
ABC Unit TrustHead Office
Pioneers of Unit Trusts in Zambia.
ABC Unit TrustContact Details
Pioneers of Unit Trusts in Zambia
GET IN TOUCHABC Unit Trust
Pioneers of Unit Trusts in Zambia

Copyright by ABC Asset Management. All rights reserved.