LONDON, Feb 16 (Reuters) - Zambia's dollar-denominated bonds fell broadly across the curve on Friday after the International Monetary Fund (IMF) rejected the country's latest borrowing plans. The 2027 bond lost 2.5 cents to trade at 105 cents, its lowest level since July, according to Thomson Reuters data.
Zambia had hoped to have a $1.3 billion loan agreement with the IMF completed early this year, Treasury Secretary Fredson Yamba said in November.
(Reporting by Karin Strohecker)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.