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Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement – The North Africa Post

Summary by North Africa Post
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 […]
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UBSUBS
AfricaAfrica
Credit SuisseCredit Suisse
Mozambique, MozambiqueMozambique, Mozambique
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