Browsing: GGMB

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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Mozambique has reached a new restructure agreement with the holders of the majority its sovereign bond — bringing forward the amortisation date by two years and paying higher interest rates than the two sides agreed last November, but eliminating a [...]

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Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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The latest proposal to restructure Mozambique’s $727 million eurobond will face strong resistance from the Mozambican government which has previously told creditors it is unwilling to given them a cut of gas revenues, Zitamar News has learned. A group of [...]

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Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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The Mozambique government’s financial adviser for restructuring its external debts said on Thursday she is confident of reaching an agreement with the country’s creditors in 2018, saying some bondholders are ready to come to the negotiating table. [...]

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Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
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A group of Mozambique’s international creditors has called on the government to abandon its “clearly unworkable” attempts to impose the cost of its international default “onto the bond markets, the donors and Mozambique’s citizens”, a year after the [...]

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Hidden Debts dossier Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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A group of investors that hold part of Mozambique’s $726.5m sovereign bond today said the Kroll audit into the ProIndicus, EMATUM, and MAM deals provides further evidence that the Mozambique government should refuse to honour the “purported guarantees” of [...]

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