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Mozambique tuna bond yield hits record high on default fears
May 26, 2016 / 1:07 PM / a year ago

Mozambique tuna bond yield hits record high on default fears

JOHANNESBURG, May 26 (Reuters) - The yield on Mozambique’s restructured $850 million ‘tuna bond’ hit a record high on Thursday after the government confirmed another state-owned firm, MAM, had missed a loan repayment deadline, fuelling investor fears of a default.

At 1301 GMT, the Eurobond was quoted at 17.156 percent, according to Thomson Reuters data. (Reporting by Ed Cropley; Editing by James Macharia)

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