{"id":5470,"date":"2021-09-03T19:15:04","date_gmt":"2021-09-03T19:15:04","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally"},"modified":"2021-09-03T19:26:03","modified_gmt":"2021-09-03T19:26:03","slug":"bally-will-pay-tweet-assures-investors-bonds-rally","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally","title":{"rendered":"\u201cBally will Pay\u201d Tweet assures Investors, Bonds Rally"},"content":{"rendered":"

Africa-Press<\/a> – Zambia<\/a>. <\/strong><\/span>President Hakainde Hichilema took to Twitter on Thursday to assure creditors that they\u2019ll be paid, having warned in an interview with Bloomberg this week that Zambia\u2019s debt burden is bigger than previously thought.<\/p>\n

The country\u2019s bonds rallied. Mr. Hichilema needs to negotiate new terms with external lenders after Zambia became Africa\u2019s first pandemic-era defaulter 10 months ago. Using the nickname \u201cBally\u201d \u2014 local slang for dad \u2014 the new president said he would pay.<\/p>\n

First, Zambia needs to secure a deal with the International Monetary Fund that will form the basis of talks with creditors that range from state-owned Chinese lenders to holders of the nation\u2019s $3 billion Eurobonds.<\/p>\n

Dr. Situmbeko Musokotwane, the new finance minister, says he\u2019s targeting a deal with the Washington-based lender by November. Zambia\u2019s $1 billion in dollar bonds due 2024 advanced 1.1% to 79.8 cents on the dollar by 2:35 p.m. in London. They\u2019d retreated by the most in more than two months on Wednesday, after President Hichilema\u2019s warning on the level of debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. President Hakainde Hichilema took to Twitter on Thursday to assure creditors that they\u2019ll be paid, having warned in an interview with Bloomberg this week that Zambia\u2019s debt burden is bigger than previously thought. The country\u2019s bonds rallied. Mr. Hichilema needs to negotiate new terms with external lenders after Zambia became Africa\u2019s first […]<\/p>\n","protected":false},"author":84,"featured_media":5469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12,16],"tags":[234,235,1895,2309,233],"class_list":["post-5470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-president-hakainde-hichilema","tag-twitter","tag-zambia"],"yoast_head":"\n\u201cBally will Pay\u201d Tweet assures Investors, Bonds Rally - Zambia<\/title>\n<meta name=\"description\" content=\"President Hakainde Hichilema took to Twitter on Thursday to assure creditors that they\u2019ll be paid, having warned in an i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cBally will Pay\u201d Tweet assures Investors, Bonds Rally\" \/>\n<meta property=\"og:description\" content=\"President Hakainde Hichilema took to Twitter on Thursday to assure creditors that they\u2019ll be paid, having warned in an i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-03T19:15:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-03T19:26:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/09\/img-6132769998b55.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u201cBally will Pay\u201d Tweet assures Investors, Bonds Rally\",\"datePublished\":\"2021-09-03T19:15:04+00:00\",\"dateModified\":\"2021-09-03T19:26:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/09\/img-6132769998b55.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"President Hakainde Hichilema\",\"Twitter\",\"Zambia\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bally-will-pay-tweet-assures-investors-bonds-rally\",\"name\":\"\u201cBally will Pay\u201d Tweet assures Investors, Bonds Rally - 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