Zambia launches cash tender to buy back $1.36bn 2053 Eurobond, partly AfDB‑funded
On 29 May 2026 Zambia opened a cash tender offer to repurchase its $1,364,725,564 Eurobond due 2053, financed in part by a $600 million concessional loan from the African Development Bank (the banks board approved the operation). Early-tender terms offered $780 per $1,000 of principal.
The desk brief
On 29 May 2026 Zambia opened a cash tender offer to repurchase its $1,364,725,564 Eurobond due 2053, financed in part by a $600 million concessional loan from the African Development Bank (the banks board approved the operation). Early-tender terms offered $780 per $1,000 of principal.
The announced tender mechanically reduces long-dated free float if holders accept, tightening technical supply on the 2053 line. The magnitude of any spread compression depends on accepted volume and the timing/receipt of the AfDB disbursement; a clean, well‑funded tender would improve Zambias external-debt geometry and investor perceptions, aiding future access if accompanied by execution on the linked grid program.
Amount tendered by the 5 June early-deadline and the timing of the AfDB disbursement for the $600m loan.
Sources & verification
Developing storyFurther independent confirmation is required.
- Zambia launches $1.36bn buyback of 2053 EurobondbloombergSource published (opens in a new tab)
- Zambia Launches Buyback of $1.36bn 2053 Bond — Open Zambiaopenzambia.comSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
Zambia sovereign curve
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- Zambin 33Jun 203396.1886.460%
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