Zimbabwe has scrapped a plan to list a $200 million dollar bond on its stock exchange in the resort city of Victoria Falls.
In the latest debt report presented to lawmakers on Nov. 30, Zimbabwe’s Treasury said the issuance of the bonds on the Victoria Falls stock exchange was not successful due to the “limited appetite” by potential international subscribers.
The “high cost” of the Afreximbank guarantee fee, which was 30% of the face value.
Source: Bloomberg
