Not a vote of confidence on Zimbabwe — analysts warn after Caledonia’s US$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 […] The post Not a vote of confiden...