IFLR1000

The Republic of Zambia's $1.25 billion 8.97% eurobond issue

27/7/2015
Sovereign bond issue
Select tab

$ 1.25 billion

Announced

27/7/2015

Overview:

  • The Republic of Zambia issued $1.25 billion 8.97% 11-year eurobonds in the London Stock Exchange.
  • Barclays Bank and Deutsche Bank acted as lead arrangers and joint bookrunners. 
  • Standard & Poor's assigned the bonds a "B" rating. 
  • This is the country's third issue in the international capital markets. 
  • Zambia first tapped the international capital markets in 2012.

Rani Mehta - Journalist 

Jurisdiction:

Zambia

Deal type:

Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Chibesakunda & Co

Party: Barclays (Joint bookrunner)

Party: Deutsche Bank (Joint bookrunner)

Lawyer: Mwelwa Chibesakunda

Freshfields Bruckhaus Deringer

Party: Barclays (Joint bookrunner)

Party: Deutsche Bank (Joint bookrunner)

Simeza Sangwa & Associates

Party: The Republic of Zambia (Issuer)

White & Case

Party: The Republic of Zambia (Issuer)

Related deals