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Zambia asks to defer dollar-bond interest payments until April 2021

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Zambia asks to defer dollar-bond interest payments until April 2021

Zambia asks to defer dollar-bond interest payments until April 2021

22nd September 2020

By: Reuters

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Zambia launched a vote with its Eurobond holders on Tuesday, proposing to defer interest payments on its three outstanding dollar-denominated bonds until April 14, 2021.

Zambia said it would conduct a call with investors on September 29 to discuss the plan and was closely coordinating with the International Monetary Fund on making its debt sustainable.

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