7/29/2019 S. I. No. 58 for 2012 - Zambia

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GOVERNMENT OF ZAMBIA

STATUTORY INSTRUMENT NO. 58 OF 2012

The Loans and Guarantees (Authorisation) Act(Laws, Volume 20, Cap. 366)

The Loans and Guarantees (Authorisation)(Delegation of Functions) Order, 2012

IN EXERCISE of the powers contained in section twenty-sevenof the Loans and Guarantees (Authorisation) Act, the followingOrder is hereby made:

1. This Order may be cited as the Loans and Guarantees(Authorisation) Order, 2008.

2. The functions of the Minister under the Act, in so far assuch functions relate to the issuance by the Government of theRepublic of Zambia of a sovereign bond on the international marketas specified in the Schedule and the signing of the documentsrelated to the issuance of the sovereign bond are hereby delegatedto Mr. Felix Nkulukusa who is a public officer in the service of the Government of the Republic of Zambia, and who is at presentserving as Permanent Secretary (Economic Management and

Finance) at the Ministry of Finance, Zambia.

Title

Delegationof functions

Copies of this Statutory Instrument can be obtained from the Government Printer,P.O. Box 30136, 10101 Lusaka. Price K1,000 each.

Supplement to the Republic of Zambia Government 303Gazette dated Wednesday, 17th September, 2012

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302 Statutory Instruments 17th September, 2012

SCHEDULE(Paragraph 2)

APPROVED ACTS AND TRANSACTIONS

Sovereign bond issued by the Republic of Zambia on the international marketand the signing of the transaction documents related to the issuance of thesovereign bond as follows:

(a) approval of the public announcement, including the content of suchannouncement, of the proposal to proceed with the issue of UnitedStates dollars denominated bonds in the international capital marketsand the commencement of book building in relation to the issue of United States dollars denominated bonds;

(b) determination, approval and agreement of the final pricing terms of the issue of the United States denominated bonds;

(c) determination, approval and agreement of the final pricing terms of theissue of the United States dollar denominated bonds with BarclaysBank Plc and Deutsche Bank AG, London Branch as Joint leadManagers of the issue of United States dollar denominated bondson behalf of the Republic of Zambia, including the coupon, issuesize, maturity date and issue price of the Notes on the terms to beformally inserted into a pricing term sheet;

(d) approval of the Final Prospectus relating to the United States dollardenominated bonds; and

(e) the signature and delivery of the Issue Document, including theSubscription Agreement, the Agency Agreements, the Deed of Covenant and the Notes on behalf of the Republic of Zambia.

A. B. Chikwanda,LUSAKA Minister of Finance

17th September, 2012[NCDP /101/9/138]