Zambia $1 Billion Bonds No Threat to Finances as Yields Jump

Zambia $1 Billion Bonds No Threat to Finances as Yields Jump

Matthew Hill/Bloomberg

Copper reached the lowest level in almost 18 months in London yesterday on concern slowing growth from China to the U.S. will curb demand. Zambia, which the International Monetary Fund said April 16 will expand its economy by 7.8 percent in 2013, relies on copper exports for nearly 80 percent of its foreign-currency earnings.