Zambia government bonds · auction 19 Dec 2025 · ZMW
Zambia bond auction, 19 Dec 2025: 15-year at 18.99%
6 bond lines from the Bank of Zambia’s own result. Rates are the cut-off yield by tenor, percent per annum; amounts at face value. Information, not advice.
Headline: 15-year bond
18.99%
Longest tenor sold
Change vs previous 15-year sale
—
No earlier sale of this tenor in the data
Accepted
—
Amount on offer not published per bond
Bid cover
—
Bids not published
Results
Every line, 6 in all
Amounts in ZMW millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same tenor, whenever it was. Bid cover is bids received divided by the amount accepted.
- 2-yearTender 12/2025/BAZM100007485
- Coupon
- 15.000%
- Rate
- 15.000%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 3-yearTender 12/2025/BAZM1000007493
- Coupon
- 16.000%
- Rate
- 16.000%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 5-yearTender 12/2025/BAZM1000007501
- Coupon
- 16.490%
- Rate
- 16.490%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 7-yearTender 12/2025/BAZM1000007519
- Coupon
- 16.950%
- Rate
- 16.950%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 10-yearTender 12/2025/BAZM1000007527
- Coupon
- 17.500%
- Rate
- 17.500%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 15-yearTender 12/2025/BAZM1000007535
- Coupon
- 18.990%
- Rate
- 18.990%
- Previous
- —
- Change, bp
- first
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
| Bond | Coupon | Rate | Previous | Change, bp | Bids, ZMWm | Accepted, ZMWm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|
| 2-yearTender 12/2025/BAZM100007485 | 15.000% | 15.000% | — | first | — | — | — | notice |
| 3-yearTender 12/2025/BAZM1000007493 | 16.000% | 16.000% | — | first | — | — | — | notice |
| 5-yearTender 12/2025/BAZM1000007501 | 16.490% | 16.490% | — | first | — | — | — | notice |
| 7-yearTender 12/2025/BAZM1000007519 | 16.950% | 16.950% | — | first | — | — | — | notice |
| 10-yearTender 12/2025/BAZM1000007527 | 17.500% | 17.500% | — | first | — | — | — | notice |
| 15-yearTender 12/2025/BAZM1000007535 | 18.990% | 18.990% | — | first | — | — | — | notice |
Source notice: boz.zm. Compiled by Afronomics, data updated 2026-09-25. Information, not advice.
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Afronomics (2026). Zambia government bond auction, 19 Dec 2025, compiled from the Bank of Zambia. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/zambia/2025-12-19