Mozambique offers deal for defaulted Eurobonds

After restructuring a possible deal earlier this year, Mozambique had now formally restructured a possible deal with Eurobond. The defaulted mostly dollar-bond saw the country offering the deal after the hidden debt scandal, which almost brought it to its knees. The bond’s restructure plan had already seen at least 75% of bondholders accepting the deal. Payabale in 2030, it would provide the cash-strapped country with more financial legroom.      

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