Regional news: Mozambique

Featured in Heads-Up

A few months after taking over as Piper Sandler’s global head of restructuring, veteran Wall Street banker Todd Snyder speaks to GRR about a potential boom in infrastructure investment, why sub-Saharan Africa is a likely place for new investment activity and his “almost religious” belief in the importance of restructuring to the good functioning of the free market.

15 March 2021

Creditors holding most of Mozambique’s US$726.5 million outstanding Eurobond have approved the government’s debt restructuring proposals, according to the country’s finance ministry.

11 September 2019

Mozambique has reached a new agreement in principle with holders of its US$727.5 million Eurobonds, after abandoning a debt-for-gas swap deal reached last November.

03 June 2019

Mozambique’s proposal to defer payment of its eurobonds until 2028 has been met with a chilly response from bondholders, who are urging the state to write off US$1.4 billion in loans whose legality has been questioned by the state’s attorney general.

28 March 2018