New Issue: Zambia prices $750 million 5 3/8% 10-year notes to yield 5 5/8%

By Aleesia Forni

Columbus, Ohio, Sept. 14 - Zambia sold a $750 million issue of 5 3/8% 10-year notes (/B+/B+) at 98.108 to yield 5 5/8%, a syndicate source said.

Barclays and Deutsche Bank were the bookrunners for the Regulation S and Rule 144A deal.

Issuer:	Zambia
Issue:	Notes
Amount:	$750 million
Maturity date:	Sept. 20, 2022
Bookrunners:	Barclays, Deutsche Bank
Coupon:	5 3/8%
Price:	98.108
Yield:	5 5/8%
Trade date:	Sept. 13
Settlement date:	Sept. 20
Distribution:	Regulation S, Rule 144A
Ratings:	Standard & Poor's: B+
	Fitch: B+

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