Key facts
- Zambia will negotiate with bondholders.
- A group of bondholders blocked Zambia's attempt to buy back a $1.36 billion bond.
- The bond buyback was intended to occur before a coupon increase.
- The negotiations are part of Zambia's debt restructuring process.
Zambia's government is preparing for negotiations with a group of bondholders who have blocked its attempt to buy back a $1.36 billion bond. The buyback was intended to take place before a potentially costly increase in the bond's coupon payments. These discussions are a critical part of Zambia's broader debt restructuring efforts.