Hefty Price Tag: Dollar Bond

dollar bond: Bankers working on the 10-year dollar-denominated bond the first of its kind from an African country this year said the bond priced with a yield of 8.625%. That is a hefty price tag compared with the 5.625% yield it paid to issue its previous 10-year deal in September 2012,.., according to Wall Street Journal and Zambia raised $1 billion Monday from its second-ever dollar bond, swallowing sharply higher borrowing costs than at its debut deal less than two years ago. (news.financializer.com). As reported in the news.