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Mozambique tuna bond yield hits record high on default fears
5:30 CAT | 26 May 2016
The yield on Mozambique’s restructured $850 million ‘tuna bond’ hit a record high on Thursday after the government confirmed another state-owned firm, MAM, had missed a loan repayment deadline, fuelling investor fears of a default.
At 1301 GMT, the Eurobond was quoted at 17.156 percent, according to Thomson Reuters data.
Source: Reuters
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