Mozambique Bondholders Lay Down Terms Ahead of Restructuring
- Government should revoke loan guarantess, bondholders say
- Three state companies should be liquidated: bond investors
Residential and commercial buildings stand on the city skyline in Maputo, Mozambique.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
A group of key Mozambique bondholders laid down terms to the embattled government ahead of restructuring talks, calling on it to revoke guarantees on loans taken on by two state-owned companies.
The southeast African nation, which defaulted on its only Eurobond in January, should also liquidate the two firms -- ProIndicus and Mozambique Asset Management -- as well as a third, a tuna-fishing company known as Ematum, the so-called Global Group of Mozambique Bondholders said.