Government says it is expecting to agree on key conditions for restructuring US$3 billion of its bonds not later than end of the first quarter of 2024.
Secretary to the Treasury, Felix Nkulukusa, said on Thursday in Lusaka at a media briefing that Zambia was hoping to agree on key conditions for restructuring US$3 billion of its bonds no later than the first quarter of 2024.
“In terms of when do we want this to be concluded, in our view is that this should be concluded immediately and obviously our understanding with everyone else is that this should be concluded no later than the first quarter of 2024 and we are hoping that everyone would come on board.
“Before we go to the (bondholder) steering committee, we have to agree on what we mean by comparability of treatment,” Nkulukusa said.
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