The first Government Bond auction week for the year is upon us. This is a great opportunity for you to acquire a high-quality, low risk Investment Vehicle. A GRZ Bond is a secure investment with attractive yields, half-yearly income paid in the form of coupons and security in the sense that the investment vehicle is backed by the full faith and credit of the Nation.
Notable changes in the Bonds issuance process this year are:
1. Coupon rates will not be set out in the Bid Invitation. This is due to the new Bonds Issuance process where the Coupon rate will now be pegged to the prevailing Yield Rate.
2. The Bond auctions were generally held in the 3rd week of every month, the auction will now be taking place a week earlier.
To ensure a smooth bidding process through the Online Bank of Zambia Portal, please confirm that your Central Securities Depository (CSD) account is active and your account with a local commercial bank is fully funded for the Bond purchase transaction. We kindly request you to review the January 2024 Bond prospectus in the link below, which includes details about the Bonds on offer, deadline for Bids submission and Settlement date, as well as more information on the bidding procedures.
