Zambia government bonds · auction 23 Jan 2026 · ZMW
Zambia bond auction, 23 Jan 2026: 15-year at 18.79%
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
18.79%
Longest tenor sold
Change vs previous 15-year sale
−20 bp
18.99% on 19 Dec 2025
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 01/2026/BAZM1000007543
- Coupon
- 14.900%
- Rate
- 14.900%
- Previous
- 15.000% 2025-12-19
- Change, bp
- −10
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 3-yearTender 01/2026/BAZM1000007550
- Coupon
- 15.790%
- Rate
- 15.790%
- Previous
- 16.000% 2025-12-19
- Change, bp
- −21
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 5-yearTender 01/2026/BAZM1000007568
- Coupon
- 16.100%
- Rate
- 16.100%
- Previous
- 16.490% 2025-12-19
- Change, bp
- −39
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 7-yearTender 01/2026/BAZM1000007576
- Coupon
- 16.850%
- Rate
- 16.850%
- Previous
- 16.950% 2025-12-19
- Change, bp
- −10
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 10-yearTender 01/2026/BAZM1000007584
- Coupon
- 17.190%
- Rate
- 17.190%
- Previous
- 17.500% 2025-12-19
- Change, bp
- −31
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
- 15-yearTender 01/2026/BAZM1000007592
- Coupon
- 18.790%
- Rate
- 18.790%
- Previous
- 18.990% 2025-12-19
- Change, bp
- −20
- Bids, ZMWm
- —
- Accepted, ZMWm
- —
- Bid cover
- —
- Source
- notice
| Bond | Coupon | Rate | Previous | Change, bp | Bids, ZMWm | Accepted, ZMWm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|
| 2-yearTender 01/2026/BAZM1000007543 | 14.900% | 14.900% | 15.000% 2025-12-19 | −10 | — | — | — | notice |
| 3-yearTender 01/2026/BAZM1000007550 | 15.790% | 15.790% | 16.000% 2025-12-19 | −21 | — | — | — | notice |
| 5-yearTender 01/2026/BAZM1000007568 | 16.100% | 16.100% | 16.490% 2025-12-19 | −39 | — | — | — | notice |
| 7-yearTender 01/2026/BAZM1000007576 | 16.850% | 16.850% | 16.950% 2025-12-19 | −10 | — | — | — | notice |
| 10-yearTender 01/2026/BAZM1000007584 | 17.190% | 17.190% | 17.500% 2025-12-19 | −31 | — | — | — | notice |
| 15-yearTender 01/2026/BAZM1000007592 | 18.790% | 18.790% | 18.990% 2025-12-19 | −20 | — | — | — | 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, 23 Jan 2026, compiled from the Bank of Zambia. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/zambia/2026-01-23