Mozambique Commits to Repay Debt Used in Public Interest

  • Eurobond yields rose to record high of 17.4 percent on Tuesday
  • Government wants asset sales by state-owned MAM, Proindicus

Mozambique vowed to honor what it said were illegal debt contracts to state-owned companies even as it aims to only repay loans that have benefited the public interest. Yields on the nation’s Eurobonds fell for the first time in four days.

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