Mozambique Is About To Default On Its 'Tuna Bond' |
| January 18, 2017 | January 2017 Bond Updates |
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Mozambique is on the brink of default. Tomorrow, January 18th, a $59.8m coupon payment is due. The government says it won’t pay it. If it doesn’t, this will be Africa’s first sovereign default since Cote D’Ivoire defaulted on $2.3 billion of government bonds in February 2011. The bond issue on which [...] |
| View more at: http://www.forbes.com/sites/francescoppola/2017/01/17/mozambique-is-about-to-default-on-its-tuna-bond-again/ |
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