Zimbabwe eager for bond sale but investor sentiment is poor
The aim of it first international bond is to settle a two-decade dispute over the seizure of white-owned commercial farms
Zimbabwe may attempt to sell its first international bond to settle a two-decade dispute over the seizure of white-owned commercial farms, even as investor confidence dives.
The debt sale was announced on Wednesday as a possible way to fund a $3.5bn (almost R59bn) settlement with the more than 4,000 farmers who lost their land in often-violent seizures that began in 2000. The takeover slashed exports and soured relations with multilateral lenders and the west, tipping the country into an economic and political crisis that persists until today...