Mozambican government to issue US$150 million in treasury bonds

2 August 2010

Maputo, Mozambique, 2 Aug – the Mozambican government plans to issue 5 billion meticals (US$150 million) in treasury bonds, the chairman of the Mozambican Stock Exchange, Jussub Nurmamad, told Macauhub.

The operation is to be carried out in three tranches (September, October and November) and will be the biggest issue of treasury bonds since the Stock Exchange was set up in 1998.

The bonds will have a five year maturity with a variable interest rate of between 14.3 and 14.5 percent.

“This month we are going to start the process of marketing the operation,” Nurmamad said.

The first issue of public debt was carried out in 1999, a year after the Stock Exchange was set up. (macauhub)