Maputo, Dec. 12, 2025 (Lusa) - Mozambique's government now plans to issue green, blue and social bonds for sustainable projects linked to the sea and the environment, following a review of the legal framework for Treasury Bonds, to which Lusa had access on Friday.
The new legislation, dated 1 December, which updates the 2013 legislation on these medium and long-term Treasury Bonds issues, provides for "special issuance modalities" for public savings bonds, aimed specifically at citizens residing in the national territory and nationals residing abroad.
These must have "an accessible unit nominal value adjusted to the capacity of small investors", subscriptions must be "facilitated through digital channels, mobile applications, or other distribution channels", and the remuneration conditions must be "attractive to these investors", with these bonds "being promoted in cooperation with international financial institutions and integrated into financial education and economic citizenship campaigns".
An article on sustainable bonds provides that the Ministry of Finance "may issue types of Treasury Bonds with environmental, social or sustainability objectives", namely green bonds, blue bonds, social bonds, carbon credit bonds and other inclusive sustainable bonds.
Another article adds that "Types of Treasury Bonds may be issued for specific purposes, namely projects, among others, that ensure the defence of the interests of the State and public debt."
The new legislation, approved by decree of the cabinet, establishes the legal regime applicable to the issuance, placement, subscription, registration, settlement, custody, trading and redemption of Treasury Bonds issued by the State, "as medium and long-term public financing instruments", with issuances through the stock exchange.
On the other hand, it regulates "market participants, the rights and obligations of operators, as well as specific issuance modalities aimed at diversifying the investor base and promoting fiscal sustainability."
The legislation now in force defines “blue bonds” as debt securities used to finance projects related to the preservation and sustainable use of oceans and marine resources. In contrast, “social bonds” refer to debt securities used to finance projects that generate positive, measurable social benefits.
“Sustainable bonds” combine "environmental and social objectives in a single financing instrument" and “green bonds” are intended to finance projects with clear environmental benefits exclusively.
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