Zambia: IFC bond approval


The World Bank’s International Finance Corporation (IFC) has obtained approval from Zambia’s Securities and Exchange Commission to issue kwacha-denominated bonds of up to 2.5bn kwacha ($460m). The IFC can now issue local currency bonds supporting local capital markets and increasing access to local-currency finance for the private sector. 
The bonds will be issued under the IFC Pan-African Domestic Medium-Term Note Programme, launched in May 2012 to facilitate regular bond issuances by the IFC in the region.