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UPDATE 1-Zambia picks French firm Lazard Freres as debt advisers

May 27, 2020 - Reuters Africa

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LUSAKA, May 27 (Reuters) - Zambia has picked French company Lazard Freres to provide advisory services regarding liability management for its debt portfolio, Secretary to the Treasury Fredson Yamba said on Wednesday.

The finance ministry said in March it was looking for financial advisers to help ensure the sustainability of its debt and manage any loans maturing from next year and beyond.

The proposed contract is a maximum of $5 million, which is nego...