Mozambique Tuna Bonds in Record Surge on RestructuringBy , , and
Maximum price of new sovereign notes to be 80 cents on dollar
Details of debt exchange terms will be announced on March 17
Bonds of Mozambique’s state-owned tuna-fishing company gained the most on record after the south-east African nation proposed to exchange almost $800 million of debt for longer-term securities in a bid to reduce annual interest payments.
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