April 9, 2014

Bloomberg: Zambia Sells Africa’s First 2014 Eurobond After Deficit Jump

Bloomberg reported today that Zambia, Africa's second largest Copper producer, attracted more demand from investors in Africa’s first dollar-bond sale of 2014 than the $1 billion it offered, according to the Finance Ministry of the continent’s second-biggest copper producer.

“The second bond just like the first was significantly oversubscribed -- an expression and affirmation of the confidence the international investor community has in Zambia,” said Edgar Lungu, acting finance minister, who is also the country’s defense minister.

To read more of the Bloomberg coverage, click through Zambia Says $1 Billion Eurobond Was "Oversubscribed".

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