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Mozambique's finance minister says Eurobond restructuring a relief

Updated: 08-11-2018 13:52 IST
Mozambique's agreement with the bulk of its creditors to restructure a $726.5 million Eurobond was "a relief for the budget", Finance Minister Adriano Maleiane said at a business conference on Thursday.

Maleiane has said it was a priority for markets to trust the southern African nation which has been battling to recover from a debt crisis after admitting in 2016 to $1.4 billion of previously undisclosed lending. (Reporting by Olivia Kumwenda-Mtambo Editing by James Macharia)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)