Browsing: Charles Blitzer

Economy
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Mozambique finance minister rejects bondholder proposal – report

Finance Minister Adriano Maleiane has rejected a proposal from a group of investors in Mozambique’s sovereign bond that the government should refuse to honour the guarantees issued for the MAM and ProIndicus loans and pay the coupons on the bond, [...]

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Economy
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Mozambique says it will default on debut sovereign bond

Mozambique will not pay the $60 million first coupon on the sovereign bond it sold to investors in April 2016, the government announced today - a decision which has been described by analysts as “much more serious” than its failure in May 2016 to make a [...]

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Economy
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Mozambique bondholders ask ‘where is the money?’ from $1.2bn hidden loans

The holders of Mozambique’s 2023 sovereign bond want to find out what happened to the money borrowed by ProIndicus and Mozambique Asset Management (MAM) before they agree to any restructure of the sovereign bond, an adviser to the bondholders has told [...]

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