Zambia pushes to defer dollar-bond interest payments until April 2021

“Zambia has $3 billion of Eurobonds outstanding and owes $2 billion to commercial banks, $2 billion to the International Monetary Fund and World Bank and another $3 billion to China. Zambia launched a vote with its Eurobond holders proposing to defer interest payments on its three outstanding dollar-denominated bonds until April 2021.”