Browsing: sovereign bond

Economy Prime Minister Carlos Agostinho do Rosario and Finance Minister Adriano Maleiane in parliament on 3 May 2017.
0

Mozambique should only pay sovereign bondholders $369 million of a potential $500m gas-linked bonus, the country’s finance minister told parliament last week - but his calculations only make sense if ExxonMobil’s planned LNG project does not go [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Chart by Sauti. Estimates by Zitamar
0

Mozambique’s total repayment for the $850 million borrowed by tuna fishing company EMATUM could top $2.4 billion, under a new restructure proposal revealed by the government this week. Annual payments would be between $36-40 million for the first five years - and would remain below $60m [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

Mozambique has reached a restructure agreement for its $726.5m sovereign bond with a group of creditors, offering to repay all of the principal, most of the interest, and give a gas-linked bonus of up to $500 million. Agreement has already been [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

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 [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Kroll Report Prime Minister Carlos Agostinho do Rosario (centre) with justice minister Isac Chande (left) and finance minister Adriano Maleiane (right) in parliament on 29 November 2017
0

Mozambique has not set aside funds in its 2018 budget to pay the coupons on its sovereign bond or to service the debts taken out by controversial maritime security companies ProIndicus and MAM with questionable government guarantees.

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
0

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. [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

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 [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Mozambique finance minister Adriano Maleiane testifying in parliament, 18 May 2016
0

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, [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Kroll Report Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
0

The Mozambique government has confirmed that it will not make the second coupon payment on the sovereign bond it sold to investors in April 2016, despite improving economic conditions that bondholders argue could allow Mozambique to start honouring the [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

1 2