FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the successful debt restructuring means that Zambia’s three Eurobonds have been consolidated into two which will be issued as Bond A and B. And Dr Musokotwane says the first bond will be payable up to 2033 with a lower interest rate. Meanwhile, Dr Musokotwane says without debt restructuring, the effects of drought would have been much worse. Speaking when he featured on Hot FM’s Red Hot Breakfast, Tuesday, Dr Musokotwane said unlike HIPIC, the current debt restructuring was not a write off. “The restructuring now says that these bonds will be restructured; basically there will be two bonds so those three bonds consolidated and against that, two bonds will be issued...

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