Zambia launches tender to buy back 2053 Eurobond, sweetens early-tender fee to $65m
On June 1–4, 2026 Zambia launched a tender offer to repurchase part of its $1.36bn Eurobond maturing in 2053, sweetening terms by adding a $65m additional early-tender fee, extending the early participation deadline to June 9 and stating it will only accept purchases if at least 75% of notes are tendered.
The desk brief
On June 1–4, 2026 Zambia launched a tender offer to repurchase part of its $1.36bn Eurobond maturing in 2053, sweetening terms by adding a $65m additional early-tender fee, extending the early participation deadline to June 9 and stating it will only accept purchases if at least 75% of notes are tendered.
The buyback reduces long-dated outstanding supply in Zambia's USD Eurobond curve and could compress the long end if participation is high. Effects depend on uptake and financing execution; visible AfDB support may lower the effective funding cost and increase investor confidence, but actual yield curve moves require confirmed tender results and funding disbursement.
Early participation deadline of June 9, 2026 and whether the 75% participation threshold is met (final tender results).
Sources & verification
Developing storyFurther independent confirmation is required.
- Zambia sweetens buyback offer for $1.36 billion 2053 Eurobond | CNBC Africacnbc.comSource published (opens in a new tab)
- Zambia : Zambia Launches US$1.3bn Eurobond Buyback As Debt Strategy Enters New Phaslusakatimes.comSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
Zambia sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Zambin 33Jun 203396.1886.460%
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