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NNA - National News Agency Director, Laure Sleiman meets KUNA Director in Kuwait
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NNA - Maronite Patriarch Cardinal Beshara Boutros Rahi visits Qatari Foreign Minister
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NNA - ليفانتي الاسباني يضم اللبناني ايلي جو سعادة
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EFE - FRANCE EMERGENCY INCIDENTS - France's Mont-Saint-Michel declared safe after suspected security incident
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Lusa - Business News - Mozambique: Creditors reject haircut, bond value tumbles

London, Mar. 21 (Lusa) – The value of Mozambique’s sovereign bonds fell 7.4%, to their lowest level since 10 November following creditors’ rejection of a restructuring of the debt on Wednesday.
Data from Bloomberg showed that sovereign dent bonds issued in April 2016 worth $727.5 million were trading at 77 cents to the dollar.
The bonds fell after creditors rejected a proposal to restructure more than $2.2 billion of the country’s debt including these debt securities and two loans to Mozambican companies.
The government of Mozambique proposed on Wednesday that the creditors and investors to accept a 50% haircut, in other words to write off $318 million of the $636 million the country had promised to pay.

Agency : LUSA

Date : 2018-03-22 07:56:21


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