Browsing: sovereign bond

Economy EMATUM's fleet in Maputo harbour, March 2018. Photo © Tom Bowker / Zitamar News
0

Participating creditors will be required to confirm ‘bona fides’ with respect to ProIndicus, EMATUM and MAM transactions The Mozambique finance ministry today launched its formal call for investors in its dollar-denominated sovereign bond to accept the
Economy Finance minister Adriano Maleiane, Prime Minister Carlos Agostinho do Rosario, and fisheries minister Agostinho Mondlane explaining the 'hidden debts' at a press conference in Maputo in April 2016. Photo © Tom Bowker / Zitamar News
0

Mozambique’s government says it is seeking legal advice on the implications of restructuring a sovereign Eurobond that it sold in 2016 to refinance a loan for tuna fishing and offshore security company EMATUM, after the Constitutional Council ruled the [...]

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 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 [...]

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 Prime Minister Carlos Agostinho do Rosário and Deputy Finance Minister Maria Isaltina Lucas at a briefing on 1 March 2017. Photo © Alexandre Nhampossa  / Zitamar News
0

A criminal indictment in the US over Mozambique’s $2.2 billion hidden debt scandal will affect negotiations between the Mozambican government and the holders of the loans that financed the deals, Prime Minister Carlos Agostinho do Rosário said yesterday. The [...]

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 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

1 2