The March Government Bond auction week for the year is upon us, presenting a prime opportunity for you to engage in secure investment with attractive yields. Our GRZ Bonds offer a low-risk investment vehicle backed by the full faith and credit of the Nation, providing you with peace of mind and financial stability.
We would like to bring to your attention notable changes in the Bonds issuance process this year:

Dynamic Coupon Rates: Unlike previous auctions, coupon rates will not be predetermined in the Bid Invitation. Instead, they will be pegged to the prevailing Yield Rate, offering a more responsive and adaptive investment environment.
Schedule Adjustment: Previously held in the 3rd week of every month, the auction will now be taking place a week earlier. Please adjust your schedules accordingly.

To ensure a seamless bidding process through the Online Bank of Zambia Portal, we kindly request that you confirm the active status of your Central Securities Depository (CSD) account and ensure that your account with a local commercial bank is fully funded for the Bond purchase transaction.

For comprehensive information on the Bonds on offer, submission deadlines, settlement dates, and bidding procedures, we encourage you to review the March 2024 Bond prospectus available at the following link: Bond Prospectus Issue No 01 2024-BA

Should you require any clarification or assistance regarding the auction or any related matter, please do not hesitate to get in touch with us. Our dedicated team is readily available to assist you in navigating the process and ensuring a successful investment endeavor.