President Hichilema Expresses Gratitude to Eurobond Holders Following Successful Restructuring
This morning in London, President Hakainde Hichilema met with Alex Garrard from Amia Capital, a representative of Zambia’s Eurobond Holders.
The meeting follows last month’s overwhelming vote by Eurobond Holders in favour of Zambia’s proposal to restructure its three Eurobonds, replacing them with two new bonds.
This strategic move has provided Zambia with increased fiscal headroom, and the country’s Eurobonds are once again trading on the international capital market without default status, following an upward adjustment of Zambia’s credit rating.
President Hichilema conveyed his thanks to Amia Capital, requesting that their gratitude be passed on to the rest of the bondholders for their support in the debt resolution process.
The President emphasized the importance of this restructuring in stabilizing Zambia’s economy and providing more room for fiscal manoeuvre.
During the meeting, President Hichilema also encouraged Amia Capital to continue their investment activities within Zambia, highlighting the nation’s ongoing economic transformation aimed at improving the welfare of its people.
He urged the firm to explore additional investment opportunities in the country’s domestic bond market and beyond.
“We are grateful for the support shown by our Eurobond Holders. Their confidence in our debt resolution process has been instrumental in our journey towards economic stability and growth,” said President Hichilema. “As we work to transform our economy, we invite our partners to invest further and contribute to the betterment of our nation.”
