Zambia’s government bonds have recorded a significant oversubscription of K8.6 billion, just days after the announcement of the general election results. Earlier this year, the Zambian Business Times (ZBT) reported a period of undersubscription for GRZ bonds, with market experts attributing the decrease to investors favouring short-term instruments such as Treasury Bills during the uncertainty of the election period. However, the latest bond tender (number 06/2026/ BA) has reversed this trend, attracting K8.7 billion in bids against an initial offer of K6.3 billion, a K2.4 billion or 37% oversubscription. The strong demand was evident across all bond tenors. The two-year...
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