Zambia

June 25, 2024
Zambia Clarifies Settlement Arrangements.

June 4, 2024
Zambia’s Results of the Consent Solicitation and Approval of the Proposal Announcement.

May 28, 2024
Zambia Announces Early Results of its Consent Solicitation.

May 13, 2024
Zambia Launches Consent Solicitation.

March 25, 2024
Zambia Press Release Regarding Restructuring of Eurobonds.

Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring.

November 20, 2023
Zambia External Bondholder Steering Committee Statement Regarding OCC Stance on Comparability of Treatment.

March 1, 2022
EMTA Webinar: Economic Outlook for Zambia. Register Here

December 10, 2021
Zambia External Bondholder Committee Response to IMF Announcement on a Staff-Level Agreement.

November 16, 2020
Market Practice Recommended for Trades of Zambia Bonds.

Zambia External Bondholder Committee Response to the Consent Solicitation Request and Default.

November 13, 2020
Announcement of Results of Adjourned Meeting for Zambia Bondholders.

October 27, 2020
Zambia Press Release Relating to China Development Bank.

October 21, 2020
S&P Global Ratings Service Downgrades Zambia’s Long-Term Foreign Currency Rating from CCC- to SD.

October 20, 2020
Notice of Adjourned Meetings for Zambia 2027, 2024 and 2022 Noteholders.

October 13, 2020
Zambia Ministry of Finance Requesting Standstill on Debt Service.

October 9, 2020
EMTA Webinar: Economic Outlook on Zambia. Learn more.

September 30, 2020
Zambia External Bondholder Committee Response to Consent Solicitation Request.

September 24, 2020
Fitch Ratings Downgrades Zambia's Long-Term Foreign-Currency Issuer Default Rating from CC to C.

September 22, 2020
Zambia Announces Consent Solicitation.

September 7, 2020
Zambia Requests Information to Identify Bondholders.

April 16, 2020
Fitch Ratings Downgrades Zambia's Long-Term Foreign-Currency Issuer Default Rating from CCC to CC.

April 1, 2020
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 92 on Updated Template Terms for GHS/USD, KES/USDand ZMW/USD Non-Deliverable FX Forward and Currency Option Transactions dated April 1, 2020.

April 19, 2016
Moody’s Downgrades Zambia’s Long-Term Issuer Rating from B3 to B2.

September 25, 2015
Moody's Downgrades Zambia's Government Issuer Rating from B1 to B2. 

July 21, 2014
EMTA publishes New and Updated FX Documentation for Trading the Ghanaian Cedi, Kenyan Shilling and Zambian Kwacha.  Please Click Here to see Market Practice No. 74, Click Here to see the GHS, KES and ZMW NDF and NDO Template Terms and Click Here to see the GHS, KES and ZMW Rate Source Definitions.

May 16, 2011
EMTA, ISDA and the FXC Publish the African Currency Amendment to Annex A to the 1998 Definitions.