Zambia Deal Costs Jump With Yield in Latest Eurobond

Zambia’s costs for its third Eurobond issue soared compared with its debut sale in 2012, both managed by Barclays Plc and Deutsche Bank AG, the prospectus for the deal shows.

The southern African nation paid $4.14 million in fees and commissions for banks and lawyers, as well as costs associated with marketing the $1.25 billion sale, after taking account of the discounted price at which the notes were sold, according to data compiled by Bloomberg from the sale and prospectus documents. That compares with $1.4 million for its first offering in 2012, which was also managed by Barclays and Deutsche Bank.