Latest bond auction attracts K2.6bn bids

By BUUMBA CHIMBULU

THE latest Government auction held on Saturday was oversubscribed by about K800 million against an offer of K1.8 billion, indicating an increased appetite from investors on the Government paper.

The bond attracted bids amounting over K2.6 billion.

This entails that the demand for the government paper was greater than the total initial target offered.

According to the results released by the Bank of Zambia (BoZ), only K1.8 billion was borrowed CLICK HERE TO READ MORE 

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