Biz & CorporateBusinessLocal News
Zambia negotiating $3.3bn commercial debt restructuring, after bonds deal
![](https://dailynationzambia.com/wp-content/uploads/2024/01/MR-FELIX-NKULUKUSA-Secretary-to-the-Treasury-2.jpeg)
LUSAKA – Zambia is in talks to restructure $3.3 billion of commercial debt, after reaching a deal with overseas holders of its sovereign bonds last week, an official said yesterday, as the country seeks to emerge from a three-year default.
“We have already started negotiations and with some we are almost reaching there,” Secretary to the Treasury Felix Nkulukusa said at a public meeting, referring to private creditors other than bondholders.
“The $3.3 billion is the money that we have to continue engaging (on) and we are engaging in good faith,” he said. CLICK HERE TO READ MORE