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Reuters: Bondholders to Reject Zambia’s Request for Debt Repayment Delay

File photo of Zambian president Edgar Lungu. GULSHAN KHAN / AFP

A source close to the Zambia External Bondholder Committee, a coalition that holds the bulk of Zambia’s $3 billion of Eurobonds, told Reuters that investors plan to vote against the government’s request for a six-month repayment delay when the group convenes on November 13th.

If that does, in fact, happen, Zambia would have to default on that portion of its debt the following day, November 14th, when repayments are due.

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