(Bloomberg) Hedge funds and some of the world’s biggest emerging-market bond investors are girding for a fight with Mozambique and its other creditors. The country’s attempt to reach a restructuring agreement by the end of the year suffered a blow when a group of five investors, who hold 60 percent of its $727 million of Eurobonds, said the notes should be treated differently from loans to two state companies and talks couldn’t begin until an International Monetary Fund program was in place.
Hedge Funds Line Up Against Mozambique in Tuna Bond Battle
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