International investors have been asked to accept a 20% haircut and longer tenor on Mozambique’s EMATUM loan, which funded spending on a military now facing allegations of human rights abuses against the civilian population Mozambique government to ask lenders to accept 80% of value of EMATUM bonds Loan restructure could be seen as sovereign default…...

An Ocean Eagle surveillance trimaran supplied to Mozambique under the EMATUM or ProIndicus deals. Photo: CMN