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Mozambique to default on another bond repayment


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JOHANNESBURG, July 17 (Reuters) - Mozambique will default on
another Eurobond repayment due this week due to economic and
fiscal problems that gives the state "extremely limited"
capacity to repay any money this year, the finance ministry said
on Monday.
    The repayment on the 2023 Eurobond - the disastrous $850
million 'tuna bond' - had been due on July 18.

 (Reporting by Ed Cropley; Editing by Joe Brock)
 ((edward.cropley@thomsonreuters.com; +27 11 775 3165; Reuters
Messaging: edward.cropley.thomsonreuters.com@reuters.net
af.reuters.com           @ReutersAfrica))

Keywords: MOZAMBIQUE DEBT/ (URGENT)



This article appears in: Fundamental Analysis , World Markets , Stocks , Economy , Bonds


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