THE Bank of Zambia has announced that government bonds will be issued at par in the primary market for all new issuances effective January 2024. But economist Trevor Hambayi says the central bank’s decision is most likely to make the bonds unattractive. However, Zambia Institute of Policy Analysis and Research (ZIPAR) researcher Ignatius Masilokwa says the decision may not reduce subscription to treasury bills and bonds if the yield rates remain high. In a statement, Wednesday, the Bank of Zambia informed the general public and investors in government securities that effective January 2024, government bonds (GRZ bonds) will be issued at par in the primary market for all new issuances. This means government bonds will be sold at their face...