Zambia: bonds

The Republic of Zambia is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west. The capital city is Lusaka, located in the south-central part of the country. The population is concentrated mainly around the Lusaka in the south and the Copperbelt to the northwest. On 24 October 1964, the protectorate was granted independence by the United Kingdom and became a member of the British Commonwealth of Nations. The new name of Zambia was derived from the Zambezi river which flows through the country. About 68% of Zambians live below the recognised national poverty line, with rural poverty rates standing at about 78% and urban rates of 53%. Zambia ranked 117th out of 128 countries on the 2007 Global Competitiveness Index, which looks at factors that affect economic growth. Per capita annual incomes are currently at about one-half their levels at independence and, at $395, place the country among the world's poorest nations. Social indicators continue to decline, particularly in measurements of life expectancy at birth (about 40.9 years) and maternal mortality (830 per 100,000 pregnancies).

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
ZMW 138 14 447 555 000
USD 3 3 000 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Zambia, 9 5jul2019 2Y - Domestic bonds 9% 50 840 000  ZMW 06/30/2017 07/05/2019
Zambia, 10 5jul2020 3Y - Domestic bonds 10% 277 110 000  ZMW 06/30/2017 07/05/2020
Zambia, 12 5jul2024 7Y - Domestic bonds 12% 89 760 000  ZMW 06/30/2017 07/05/2024
Zambia, 14 5jul2032 15Y - Domestic bonds ZM1000003252 14% 191 140 000  ZMW 06/30/2017 07/05/2032
Zambia, 9 21apr2019 2Y - Domestic bonds 9% 50 000 000  ZMW 04/21/2017 04/21/2019
Zambia, 12 21apr2024 7Y - Domestic bonds 12% 198 180 000  ZMW 04/21/2017 04/21/2024
Zambia, 14 21apr2032 15Y - Domestic bonds 14% 433 120 000  ZMW 04/21/2017 04/21/2032
Zambia, 9 27feb2019 2Y - Domestic bonds ZM1000003138 9% 80 000 000  ZMW 02/24/2017 02/27/2019
Zambia, 12 27feb2024 7Y - Domestic bonds ZM1000003161 12% 80 000 000  ZMW 02/24/2017 02/27/2024
Zambia, 14 27feb2032 15Y - Domestic bonds ZM1000003187 14% 40 000 000  ZMW 02/24/2017 02/27/2032

Currencies

Daily indices

Type: 07/05/2017 07/04/2017 07/03/2017 06/30/2017 06/29/2017 06/28/2017 06/27/2017
Exchange Rates (Emerging Markets)
USD/ZMW 9.0214 9.1455 9.1547 9.1470 9.2098 9.3427 9.3361
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Macroeconomic Indicators (World economy)

Monthly indices

Type Jun 2017 May 2017 Apr 2017 Mar 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Zambia) 6.80 6.50 6.70 6.80
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Yearly indices

Type 2014 2013
Government Debt to GDP (World), %
Government Debt to GDP(Zambia) 31.00 28.80

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Zambia, 5.375% 20sep2022, USD   USD 09/20/2022 05/18/2016 **.** **.* 05/18/2016 **.* **.**
Zambia, 8.5% 14apr2024, USD   USD 04/14/2024 05/18/2016 **.* **.** 05/18/2016 **.** **.**
Zambia, 8.97% 30jul2027, USD   USD 07/30/2027 05/18/2016 **.* **.** 05/18/2016 ** **.**
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