Zambia government bonds · auction 25 Sep 2026 · ZMW
Zambia bond auction, 25 Sep 2026: 3-year at 12.59%
5 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: 3-year bond
12.59%
Largest amount accepted at this auction
Change vs previous 3-year sale
−150 bp
14.09% on 21 Aug 2026
Accepted
ZMW 5.8bn
Against ZMW 6.3bn on offer
Bid cover
1.48×
Bids of ZMW 8.6bn ÷ accepted
Results
Every line, 5 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 07/2026/BAZM1000007907
- Coupon
- 12.000%
- Rate
- 12.000%
- Previous
- 13.990% 2026-08-21
- Change, bp
- −199
- Offered, ZMWm
- 520
- Bids, ZMWm
- 2,131
- Accepted, ZMWm
- 1,240
- Bid cover
- 1.72×
- Source
- notice
- 3-yearTender 07/2026/BAZM1000007915
- Coupon
- 12.590%
- Rate
- 12.590%
- Previous
- 14.090% 2026-08-21
- Change, bp
- −150
- Offered, ZMWm
- 600
- Bids, ZMWm
- 1,926
- Accepted, ZMWm
- 1,374
- Bid cover
- 1.40×
- Source
- notice
- 7-yearTender 07/2026/BAZM1000007683
- Coupon
- 16.000%
- Rate
- 13.750%
- Previous
- 14.790% 2026-08-21
- Change, bp
- −104
- Offered, ZMWm
- 1,575
- Bids, ZMWm
- 1,917
- Accepted, ZMWm
- 967
- Bid cover
- 1.98×
- Source
- notice
- 10-yearTender 07/2026/BAZM1000007642
- Coupon
- 16.600%
- Rate
- 14.500%
- Previous
- 15.500% 2026-08-21
- Change, bp
- −100
- Offered, ZMWm
- 1,715
- Bids, ZMWm
- 1,303
- Accepted, ZMWm
- 988
- Bid cover
- 1.32×
- Source
- notice
- 15-yearTender 07/2026/BAZM1000007659
- Coupon
- 17.590%
- Rate
- 15.450%
- Previous
- 16.500% 2026-08-21
- Change, bp
- −105
- Offered, ZMWm
- 1,890
- Bids, ZMWm
- 1,349
- Accepted, ZMWm
- 1,257
- Bid cover
- 1.07×
- Source
- notice
| Bond | Coupon | Rate | Previous | Change, bp | Offered, ZMWm | Bids, ZMWm | Accepted, ZMWm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2-yearTender 07/2026/BAZM1000007907 | 12.000% | 12.000% | 13.990% 2026-08-21 | −199 | 520 | 2,131 | 1,240 | 1.72× | notice |
| 3-yearTender 07/2026/BAZM1000007915 | 12.590% | 12.590% | 14.090% 2026-08-21 | −150 | 600 | 1,926 | 1,374 | 1.40× | notice |
| 7-yearTender 07/2026/BAZM1000007683 | 16.000% | 13.750% | 14.790% 2026-08-21 | −104 | 1,575 | 1,917 | 967 | 1.98× | notice |
| 10-yearTender 07/2026/BAZM1000007642 | 16.600% | 14.500% | 15.500% 2026-08-21 | −100 | 1,715 | 1,303 | 988 | 1.32× | notice |
| 15-yearTender 07/2026/BAZM1000007659 | 17.590% | 15.450% | 16.500% 2026-08-21 | −105 | 1,890 | 1,349 | 1,257 | 1.07× | 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, 25 Sep 2026, compiled from the Bank of Zambia. Retrieved 4 November 2026, from https://www.afronomicsfeed.com/markets/bonds/zambia/2026-09-25