{"id":19451,"date":"2022-05-13T16:02:47","date_gmt":"2022-05-13T16:02:47","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg"},"modified":"2022-05-13T16:38:55","modified_gmt":"2022-05-13T16:38:55","slug":"mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg","title":{"rendered":"Mozambique\u2019s eurobonds unlikely winners in tough market for risk \u2013 Bloomberg"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>A year ago, Mozambique\u2019s dollar debt was the riskiest in Africa for eurobond investors amid deadly raids by insurgents at key gas projects.<\/p>\n

But the script has flipped in 2022, with the eurobonds gaining while those of peers fell, spurred by improvements in the security situation and better economic and fiscal prospects.<\/p>\n

Mozambique\u2019s $900 million of 2031 eurobonds have returned 2.5% this year, with only Lebanon\u2019s debt performing better in that time. The rise compares with the 16% average drop for emerging- and frontier-market peers.<\/p>\n

Moody\u2019s Investors Service changed the government of Mozambique\u2019s credit outlook to positive from stable and at the same time affirmed ratings at Caa2 in March.<\/p>\n

Earlier this week, the country struck a $456 million International Monetary Fund deal, nearly six years after the institution froze a previous arrangement because the government concealed more than $1 billion of debt.<\/p>\n

The program will likely enhance authorities\u2019 economic recovery efforts and also provide broader support to address some of Mozambique\u2019s long-term structural challenges, particularly the management of public resources and governance. This should in turn boost investor confidence, said Samantha Singh, a fixed-income and credit strategist at Absa Bank Ltd., in a note to clients.<\/p>\n

\u201cThe 2031s have rallied over the past month or so and now do appear expensive to peers,\u201d said Singh. \u201cThe IMF support should anchor the bonds.\u201d<\/p>\n

By<\/b><\/p>\n

Colleen Goko<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. A year ago, Mozambique\u2019s dollar debt was the riskiest in Africa for eurobond investors amid deadly raids by insurgents at key gas projects. But the script has flipped in 2022, with the eurobonds gaining while those of peers fell, spurred by improvements in the security situation and better economic and fiscal prospects. […]<\/p>\n","protected":false},"author":84,"featured_media":19450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[233,281,283],"class_list":["post-19451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique\u2019s eurobonds unlikely winners in tough market for risk \u2013 Bloomberg - Mozambique<\/title>\n<meta name=\"description\" content=\"A year ago, Mozambique\u2019s dollar debt was the riskiest in Africa for eurobond investors amid deadly raids by insurgents a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique\u2019s eurobonds unlikely winners in tough market for risk \u2013 Bloomberg\" \/>\n<meta property=\"og:description\" content=\"A year ago, Mozambique\u2019s dollar debt was the riskiest in Africa for eurobond investors amid deadly raids by insurgents a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-13T16:02:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-13T16:38:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-627e8988c935b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique\u2019s eurobonds unlikely winners in tough market for risk \u2013 Bloomberg\",\"datePublished\":\"2022-05-13T16:02:47+00:00\",\"dateModified\":\"2022-05-13T16:38:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-627e8988c935b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambiques-eurobonds-unlikely-winners-in-tough-market-for-risk-bloomberg\",\"name\":\"Mozambique\u2019s eurobonds unlikely winners in tough market for risk \u2013 Bloomberg - 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