By BUUMBA CHIMBULU THE Bank of Zambia (BoZ) is this Friday expected to witness a record participation from international players as it seeks to raise K1.4 billion (US$73.7 million) in Government bonds.This expectation comes after prices for Zambia’s dollar bonds last week rallying 8.0 percent across the board as Eurobond markets priced in news of a leadership change, signalling investor confidence.With the boost in confidence, it is forecast that Friday’s auction will attract record participation as international players seek to book the post-election bump bond trade, according to the Kwacha Arbitrageur magazine.The Central Bank will on August 27, seek to raise K1.4 billion (US$73.7 million) in Government bonds. “This will be a special post-election bump bond offering in a week that the Zambia has seen a change in leadership. “The leadership change has seen risk appetite claw back into the Zambia markets with money managers in Wall Street recommending Kwacha assets to offshore players seeking yield on […]
BOZ SEEKS TO RAISE K1.4BN IN BONDS
