Afronomics dataset · Zambia · ZMW
Zambia government bond auctions: results since 2025
43 bond auction results from the Bank of Zambia’s own publications, in one table. Rates are the cut-off yield by tenor, percent per annum; amounts at face value. Information, not advice.
Newest auction
25 Sept 2026
Updated 25 Sept 2026
Results held
43
On 8 auction dates since 19 Dec 2025
Longest tenor, newest date
15.45%
15y · 07/2026/BA
12-month range
12.00–18.99%
All tenors, 25 Sept 2025 to 25 Sept 2026
Median bid cover, 12 months
1.31×
Bids ÷ accepted, 20 results
Source: Bank of Zambia · compiled by Afronomics · updated 2026-09-25 · amounts in ZMW millions
History
Auction rates since 2025, by tenor
Each dot is one bond at one auction; lines are the monthly median for each tenor bucket.
Table
All 43 results
Newest first; each date opens that auction's own page. Amounts in ZMW millions; bid cover is bids received divided by the amount accepted.
| Auction | Issue / ISIN | Tenor | Rate | Cover | Offered | Bids | Accepted | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-09-25 | 07/2026/BAZM1000007907 | 2y | 12.000% | 1.72× | 520 | 2,131 | 1,240 | notice |
| 2026-09-25 | 07/2026/BAZM1000007915 | 3y | 12.590% | 1.40× | 600 | 1,926 | 1,374 | notice |
| 2026-09-25 | 07/2026/BAZM1000007683 | 7y | 13.750% | 1.98× | 1,575 | 1,917 | 967 | notice |
| 2026-09-25 | 07/2026/BAZM1000007642 | 10y | 14.500% | 1.32× | 1,715 | 1,303 | 988 | notice |
| 2026-09-25 | 07/2026/BAZM1000007659 | 15y | 15.450% | 1.07× | 1,890 | 1,349 | 1,257 | notice |
| 2026-08-21 | 06/2026/BAZM1000007840 | 2y | 13.990% | 1.23× | 520 | 916 | 743 | notice |
| 2026-08-21 | 06/2026/BAZM1000007857 | 3y | 14.090% | 1.28× | 600 | 1,007 | 788 | notice |
| 2026-08-21 | 06/2026/BAZM1000007683 | 7y | 14.790% | 1.14× | 1,575 | 2,473 | 2,164 | notice |
| 2026-08-21 | 06/2026/BAZM1000007642 | 10y | 15.500% | 1.29× | 1,715 | 2,031 | 1,573 | notice |
| 2026-08-21 | 06/2026/BAZM1000007659 | 15y | 16.500% | 1.28× | 1,890 | 2,232 | 1,741 | notice |
| 2026-06-26 | 05/2026/BAZM1000007782 | 2y | 14.250% | 1.01× | 520 | 534 | 530 | notice |
| 2026-06-26 | 05/2026/BAZM1000007790 | 3y | 14.500% | 1.10× | 600 | 832 | 756 | notice |
| 2026-06-26 | 05/2026/BAZM1000007683 | 7y | 15.800% | 1.41× | 1,575 | 1,229 | 875 | notice |
| 2026-06-26 | 05/2026/BAZM1000007642 | 10y | 16.500% | 1.00× | 1,715 | 1,008 | 1,008 | notice |
| 2026-06-26 | 05/2026/BAZM1000007659 | 15y | 17.500% | 1.01× | 1,890 | 1,250 | 1,234 | notice |
| 2026-04-24 | 04/2026/BAZM1000007725 | 2y | 14.250% | 1.38× | 520 | 623 | 453 | notice |
| 2026-04-24 | 04/2026/BAZM1000007733 | 3y | 14.500% | 1.33× | 600 | 676 | 507 | notice |
| 2026-04-24 | 04/2026/BAZM1000007683 | 7y | 15.800% | 10.29× | 1,575 | 281 | 27.3 | notice |
| 2026-04-24 | 04/2026/BAZM1000007642 | 10y | 16.500% | 12.92× | 1,715 | 448 | 34.7 | notice |
| 2026-04-24 | 04/2026/BAZM1000007659 | 15y | 17.500% | 2.51× | 1,890 | 661 | 263 | notice |
| 2026-03-27 | 03/2026/BAZM1000007667 | 2y | 14.500% | — | — | — | — | notice |
| 2026-03-27 | 03/2026/BAZM1000007675 | 3y | 14.900% | — | — | — | — | notice |
| 2026-03-27 | 03/2026/BAZM1000007683 | 7y | 16.000% | — | — | — | — | notice |
| 2026-03-27 | 03/2026/BAZM1000007691 | 10y | 16.600% | — | — | — | — | notice |
| 2026-03-27 | 03/2026/BAZM100007709 | 15y | 17.590% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM1000007600 | 2y | 14.500% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM1000007618 | 3y | 14.900% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM1000007626 | 5y | 14.980% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM100000763 | 7y | 16.000% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM1000007642 | 10y | 16.600% | — | — | — | — | notice |
| 2026-02-13 | 02/2026/BAZM1000007659 | 15y | 17.590% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007543 | 2y | 14.900% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007550 | 3y | 15.790% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007568 | 5y | 16.100% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007576 | 7y | 16.850% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007584 | 10y | 17.190% | — | — | — | — | notice |
| 2026-01-23 | 01/2026/BAZM1000007592 | 15y | 18.790% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM100007485 | 2y | 15.000% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM1000007493 | 3y | 16.000% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM1000007501 | 5y | 16.490% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM1000007519 | 7y | 16.950% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM1000007527 | 10y | 17.500% | — | — | — | — | notice |
| 2025-12-19 | 12/2025/BAZM1000007535 | 15y | 18.990% | — | — | — | — | notice |
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Afronomics (2026). Zambia government bond auction results, compiled from the Bank of Zambia. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/zambia