Source: First National Bank Zambia (FNB) | Sep 08, 2023

First National Bank (FNB) Zambia co-arranges International Finance Corporation’s (IFC) Second Zambezi Bond to support Zambia’s capital markets

This is IFC's second kwacha-denominated bond after the corporation placed the first bond, issued by a non-resident issuer, in Zambia's domestic capital markets in 2013

First National Bank (FNB) Zambia (www.FNBZambia.co.zm) has participated as co-arranger of the recently issued International Finance Corporation (IFC) Second Zambezi Bond valued at ZMW 193.2 million. The bond was issued to support the development of the country’s domestic capital markets and increase access to local currency financing. IFC, a member…