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Multibillion Dollar Hopes for Gas Riches Fuel Mozambique's Bonds

Multibillion Dollar Hopes for Gas Riches Fuel Mozambique's Bonds

Bloomberg3 days ago
Mozambique's bonds have generated three times the average return from emerging markets since April, boosted by the conflict-rattled nation's plan to revive a multibillion-dollar gas project.
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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