Mozambique: Eurobond restructuring, beyond the nadir of risk, cost
- August 7, 2018
- - 1:43 pm
Summary The Mozambique government is negotiating a restructuring of its Eurobond debts. The country’s improved political and economic risk profile mean the country has already passed the nadir of sovereign risk and cost. Analysis The Mozambique government of President Felipe Nyusi is negotiating August 7 to restructure its Eurobond debt that it has defaulted on in the past. An improving political and economic risk profile for the southern African country will mean that the agreement the Nyusi administration reaches with creditors is already beyond the nadir of risk and cost. Mozambique’s sovereign debt had escalated during the administration of Nyusi’s …
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