Thu, 22 Dec 2016 11:34:40 +0000 By BUUMBA CHIMBULU REFINANCING the US$2.8 billion Eurobonds in 2017 will be determined by the satisfaction of the market fundamentals such as being able to obtain longer repayment terms and achieving lower rates, says minister of Finance Mutati. Refinancing a bond is the process through which a company reorganises its debt obligations by replacing or restructuring existing debts. In an interview, Mr Mutati said Government would assess the market which would determine whether or not it could go ahead and refinance the Eurobonds in 2017. “We shall have to look and make an assessment, can we be able to refinance a Eurobond in 2017 at a price lower than the one that we got it at, if the answer is yes, then we shall do it,” he said. Mr Mutati said one of Government’s key deliverables for 2017 was to refinance the Eurobond, but he was quick to mention […]
