Foreigners Pile Into Zambia’s Bonds After Auction Rules Eased
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...
By Ray Ndlovu, Mpho Hlakudi · Bloomberg Markets
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.