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Mozambique to default on another bond repayment
8:28 CAT | 17 Jul 2017
Saint-Louis Studio / Steven Le Vourc'h (File photo) / Minister of Economy and Finance Adriano Maleiane
Mozambique will default on another Eurobond repayment due this week due to economic and fiscal problems that gives the state “extremely limited” capacity to repay any money this year, the finance ministry said on Monday.
The repayment on the 2023 Eurobond – the disastrous $850 million ‘tuna bond’ – had been due on July 18.
Source: Reuters
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