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Zambian Bondholders Expected to Reject Government’s Request for Repayment Delay

A group of Zambian bondholders is scheduled to meet on Tuesday and is widely expected to vote against the government’s request for a six-month repayment holiday on $3 billion of Eurobonds. If that is in fact what happens, then it would likely prompt the government to default on that portion of its debt, making it the first African government to do so this year.

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