Zanaco to Launch US$100m Sustainability Bond
The Lusaka Securities Exchange Plc (LuSE) has held a ceremonial bell-ringing to mark Zanaco Plc’s announcement of its intention to issue a landmark US$100 million Sustainability Bond, pending final regulatory approvals. The initiative aims to finance projects advancing green growth and social development across Zambia.
The bond will be issued in two tranches. The first, valued at US$50 million, will be conducted as a private placement through sponsoring broker Stockbrokers Zambia Limited, targeting select institutional and strategic investors.
This tranche is expected to close within six months. The second tranche, also valued at US$50 million, will be offered publicly, opening investment opportunities to the wider market, including retail participants.
Zanaco Chief Executive Officer, Mrs Mukwandi Chibesakunda, said the proceeds will support renewable energy, climate-resilient infrastructure, sustainable agriculture and natural resource conservation. She emphasised that the bank remains committed to fostering a resilient and low-carbon economy.
LuSE Chief Executive Officer, Mr Nicholas Kabaso, described the announcement as a milestone in Zambia’s capital market development. “This reflects the continued evolution of our market and its capacity to support innovative financial instruments that meet both investor and issuer needs,” he said. “By supporting such issuances, the Exchange reaffirms its role as a catalyst for sustainable capital mobilisation.”
LuSE also commended Stockbrokers Zambia Limited for its role as sponsoring broker in structuring the transaction.
Investors seeking further guidance have been encouraged to consult licensed brokers or financial advisers.
