By BUUMBA CHIMBULUTHE surging of Zambia’s US$1 billion Eurobonds on the international market signifies investor confidence in the new government regime.Zambia’s US$1 billion Eurobonds due in 2024 surged 8.7 percent to 72.1 cents on the dollar in London, the biggest gain since June 2020.Bridges Limited Managing Consultant, Chibamba Kanyama, in response to a press query indicated that the rallying Eurobonds signalled confidence in both the short and long term.Mr Kanyama attributed the attractiveness of the Eurobonds to investor confidence in the new government.“In the past few months, the risk profile for Zambia was very poor largely to the uncertainty of a conducive investment climate. Investors were also not sure whether Zambia would successfully transit.“Investors wanted Hakainde Hichilema to be president. I know this for a fact because I was among those local minds they constantly engaged. Investors had very poor confidence in the capacity of the previous regime to run the economy,” he stated.Mr Kanyama […]
‘EUROBONDS SURGE SIGN OF INVESTOR CONFIDENCE’
