ZANACO UNVEILS US$100 MILLION SUSTAINABILITY BOND

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Posted by admin on November 4, 2025 at 6:34 AM

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Zanaco Plc has announced plans to issue a landmark US$100 million Sustainability Bond, marking a major step in Zambia’s efforts to mobilize capital for climate resilience, renewable energy, and inclusive development.

The announcement was made during a ceremonial bell-ringing at the Lusaka Securities Exchange (LuSE), pending final regulatory approvals. The bond will be issued in two tranches Tranche 1: US$50 million via private placement, targeting institutional and strategic investors, facilitated by Stockbrokers Zambia Limited

Tranche 2: US$50 million via public offering, opening access to retail investors and the broader market

Zanaco CEO Mrs. Mukwandi Chibesakunda said the proceeds will fund projects in Renewable energy, Climate-resilient infrastructure, Sustainable agriculture and Natural resource conservation

“We remain committed to fostering a resilient and low-carbon economy,” she affirmed.

LuSE CEO Mr. Nicholas Kabaso hailed the initiative as a milestone in Zambia’s capital market evolution, emphasizing the Exchange’s role in supporting innovative financial instruments that align with sustainability goals.

“This reflects the continued evolution of our market and its capacity to support investor and issuer needs,” Kabaso said.

LuSE also commended Stockbrokers Zambia Limited for its role in structuring the transaction.

Investors have been encouraged to consult licensed brokers or financial advisers for guidance on participation.