Multibillion Dollar Hopes for Gas Riches Fuel Mozambique's Bonds
Bondholders have made more than 23% gains from the country's restructured 2031 dollar note since April 9, versus a 6.5% total return on Bloomberg EM Sovereign Index. That's helped it escape an indicator of debt distress, with yield premiums over US Treasuries falling under 1,000 basis points.
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