Zimbabwe: Not a Vote of Confidence On Zimbabwe – Analysts Warn After Caledonia’s U.S.$150m Bond Grabs Global Attention

Analysts have cautioned against interpreting the global attention Caledonia Mining Corporation’s US$150 million bond got as a broad vote-of-confidence in Zimbabwe’s investment climate.

Demand for Caledonia Mining’s recent US$150 million convertible bond drew significant international attention, with demand reportedly exceeding US$600 million.

Although the oversubscription signalled strong investor appetite, experts who spoke to Finance Africa Quarterly said the interest was anchored more on the…