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Foreigners have piled into Zambia's local bond market following the government's move to lift a cap on non-resident participation in debt auctions, as money shifts from dollar-denominated assets into higher-yielding investments....
Zambia's dollar bonds due 2053 plunged after the International Monetary Fund cut key metrics that signal lower chances of the copper-rich nation paying more to investors....
Zambia has more than quadrupled the cap on local-currency bonds that foreign investors can buy, a move that may reduce rollover risk as about $1.16 billion in debt payments fall due this year....
Zambia's dollar-denominated bonds led losses among emerging peers on Wednesday after the IMF warned that the country's capacity to service its debt remains weak, dampening bondholders' hopes for improved terms....
Zambia's central bank raised its key interest rate by a half percentage point to its highest level in more than eight years to support its currency and curb inflation....
Zitat des Tages: Die Liebe widersteht der Zeit, die alles raubt. / man hat nie recht geliebt, wenn man sie endlich glaubt. - Johann Wolfgang von Goethe