Mozambique: State debt to exceed 100% of GDP again this year - IMF
Mozambique dollar bonds fall
4:32 CAT | 16 Jan 2017
Money web
Mozambique’s 2023 dollar-denominated bond fell over 2 cents on Monday, according to data from trading platform MarketAxess, after the finance ministry said it would not make a Jan. 18 coupon payment to bondholders.
The 2023 bond was down 2.02 cents to trade at 57 cents in the dollar, according to MarketAxess.
The southern African nation, whose total foreign obligations are roughly equivalent to its GDP, said its financial difficulties made its ability to repay debt this year “extremely limited”.
Source: Money web
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