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Zambia , Wednesday 22 July 2026

Zambia gets near-unanimous backing for landmark debt-for-energy deal

Published on: Wednesday 10 June 2026

Zambia gets near-unanimous backing for landmark debt-for-energy deal June 10 (Reuters) - Zambia's government said on Wednesday it had received near-unanimous backing from bondholders for an innovative $1.36 billion debt buyback deal that commits the government to upgrading its power network. The country is using a $600 million loan from the African Development Bank, plus some of its own resources, to buy back a soon-to-be-high-interest 2053 sovereign bond as part


News source: https://www.msn.com/en-us/money/markets/zambia-gets-near-unanimous-backing-for-landmark-debt-for-energy-deal/ar-AA25im7t

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