(Bloomberg) Mozambique is set to meet foreign creditors in London Tuesday in what will mark the start of formal debt-restructuring negotiations, more than a year after the southern African nation defaulted. Investors, which include UBS Group AG and Credit Suisse Group, aren’t sure what will be discussed. Mozambique first missed coupon payments on $727 million of securities due 2023 in January last year and has had almost no contact with the holders since then.
Mozambique, Hedge Funds Set to Face Off in Debt Negotiations
This entry was posted in Syndicated. Bookmark the permalink.