Tag: bond market
Africa Business Finance Headlines International

Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

North Africa PostComments Off on Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]
Business Finance Headlines Tunisia

Tunisia raises 700 million euros on Eurobond market to fund 2019 fiscal budget deficit

North Africa PostComments Off on Tunisia raises 700 million euros on Eurobond market to fund 2019 fiscal budget deficit

Tunisia Wednesday said it succeeded in raising 700 million euros on the financial bond market with an interest rate of 6.37 per cent as it sought to borrow money to cover its 2019 fiscal budget deficit. The ministry of finance in a statement said the North African country will reimburse the bond over seven years. […]