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ZAMBIA: Aborted Bondholder Meeting Signals Messy, Protracted Debt Restructuring

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Zambia seems increasingly unlikely to make its outstanding USD 42.5mn coupon payment within the 30-day grace period.
While the G20 Debt Service Suspension Initiative (DSSI) will now offer bilateral debt relief until June 2021 (and likely the full year), Zambia’s willingn...

 

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ZAMBIA: Aborted Bondholder Meeting Signals Messy, Protracted Debt Restructuring

Zambia seems increasingly unlikely to make its outstanding USD 42.5mn coupon payment within the 30-day grace period. While the G20 Debt Service Suspension Initiative