Zambia gets default lifeline but Eurobond holders still worried
Bondholders are concerned any relief granted will be used to service debts owed to Chinese state lenders
21 October 2020 - 12:11
Maputo/Lusaka — Zambia has entered extra time in its bid to win debt relief from its Eurobond holders.
On Tuesday, a key group of investors representing 40% of the Eurobonds abstained from voting rather than outright rejecting the country’s debt-standstill proposal, according to a person familiar with the situation who asked not to be named because the matter is sensitive...
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