Eurobond holders reject request to defer interest payments as Zambia defaults
The government had requested that bondholders grant it a deferral of interest payments until April
13 November 2020 - 20:13
Lusaka - Zambia will not pay an overdue eurobond coupon before a 30-day grace period expires at the end of the day, the country’s finance minister told Reuters on Friday, setting the country on course to become Africa's first pandemic-era sovereign default.
Zambia missed payment of a $42.5m (about R663m) coupon on one of its dollar-denominated sovereign bonds last month...
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