Zambia Bonds Jump as Revamp Gets Traction With China, India Deal
- Dollar securities due 2027 rally to highest since June 2022
- Nation says it eyes swift resolution with private creditors
Hakainde Hichilema
Photographer: Nathan Laine/BloombergZambia’s dollar debt jumped after its government said over the weekend that China and India, the last two nations needed to sign a deal to restructure Zambia’s debt, have done so.
The price of the nation’s $1.25 billion of notes due 2027 climbed by the most in a day since October. They were trading at 68.58 cents on the dollar as of 9:44 a.m. in London, the highest level since June 2022.