Corpus Advises Citigroup on the Republic of Zambia’s Landmark US$1.36 Billion Bond Buy-Back

Posted by Admin

Corpus Legal Practitioners has advised Citigroup Global Markets, acting as dealer manager, on the Republic of Zambia’s landmark debt-for-energy conversion transaction, which involved the repurchase of approximately US$1.3 billion of outstanding sovereign bonds. The transaction was funded in part by a US$600 million loan from the African Development Bank and achieved near-unanimous participation from bondholders in the tender offer. In its role as dealer manager, Citigroup played a central part in coordinating the execution of the buyback and engagement with investors. This innovative transaction is expected to generate approximately US$275 million in debt service savings over a 15-year period, which will be...

12 December

0 Comments

Sticky

Corpus Advises Dot Com Zambia PLC on its Oversubscribed Initial Public Offering on the Lusaka Securities Exchange

Posted by Admin

in Client Focus

Corpus is pleased to announce that it acted as Legal Advisor to Dot Com Zambia PLC in connection with its highly successful Initial Public Offering (IPO) on the Lusaka Securities Exchange (LuSE) Alternative Market, concluded on 5 December 2025. The IPO achieved 114% oversubscription, attracting over 500 new shareholders and closing one week ahead of schedule. With 75% Zambian investor participation, this offering represents a significant milestone in broadening retail engagement within Zambia’s capital markets. Dot Com Zambia’s listing, the first of its kind driven entirely by retail investors, demonstrates the viability of innovative capital formation pathways for emerging and growth stage enterprises. It...

18 September

0 Comments

Sticky

First Quantum Minerals – S3 Expansion Update

Posted by Admin

in Client Focus

The S3 Expansion Project is the future of Kansanshi and is on track for completion in mid-2025. Two years ago, First Quantum approved the project following a commitment made by the Zambian government to reform the mining sector and to establish a platform for more stable, durable and responsible mining in Zambia. “We are proud of the significant investment - US$800M - that we are making in S3 during the Diamond Jubilee year, and the value that this growth will bring to our surrounding communities, our local suppliers, our work force and the people of Zambia more broadly.” Tristan Pascall, CEO of...