Mozambique: bonds

The economy of Mozambique continues to be dominated by agriculture. Major exports include prawns, cotton, cashew nuts, sugar, citrus, copra and coconuts, and timber. Export partners, in turn, include Spain, South Africa, Portugal, the United States, Japan, Malawi, India, and Zimbabwe. Imports, such as farm equipment and transport equipment, are capital goods that are worth more than agricultural products, hence Mozambique's large trade deficit. The country also imports food, clothing, and petroleum products. Import partners include South Africa, Zimbabwe, Saudi Arabia, Portugal, the United States, Japan, and India. In the past several years, the value of imports outweighed the value of exports by 5 to 1 or more—a factor that obliges Mozambique to depend heavily on foreign aid and loans by foreign commercial banks and the Bretton Woods Institutions (BWIs).

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
MZN 22 25 671 000 000
USD 1 726 524 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Mozambique, 27 22feb2020 - Domestic bonds MZESTDOT1715 27% 3 255 000 000  MZN 02/21/2017 02/22/2020
Mozambique, FRN 13oct2020 - Domestic bonds MZESTDOT1632 T-bills Average Yoeld + 3% 2 000 000 000  MZN 10/10/2016 10/13/2020
Mozambique, 12.75 5nov2020 - Domestic bonds MZESTDOT1624 12.75% 930 000 000  MZN 05/05/2016 11/05/2020
Mozambique, 11 23mar2019 - Domestic bonds MZESTDOT1616 11% 1 200 000 000  MZN 03/17/2016 03/23/2019
Mozambique, 10.5% 18jan2023, USD - International bonds XS1391003446 10.5% 726 524 000  USD 03/09/2016 01/18/2023
Mozambique, 10.5 16dec2019 - Domestic bonds MZESTDOT1566 10.5% 2 640 000 000  MZN 12/11/2015 12/16/2019
Mozambique, 10.5 9dec2019 - Domestic bonds MZESTDOT1558 10.5% 1 100 000 000  MZN 12/03/2015 12/09/2019
Mozambique, 10.125 9nov2019 - Domestic bonds MZESTDOT1541 10.125% 550 000 000  MZN 11/04/2015 11/09/2019
Mozambique, 10 1sep2018 - Domestic bonds MZESTDOT1533 10% 1 470 000 000  MZN 08/27/2015 09/01/2018
Mozambique, 10 25aug2018 - Domestic bonds MZESTDOT1525 10% 1 995 000 000  MZN 08/20/2015 08/25/2018

Currencies

Daily indices

Type: 04/21/2017 04/20/2017 04/19/2017 04/18/2017 04/17/2017 04/14/2017 04/13/2017
Exchange Rates (Emerging Markets)
USD/MZN 65.9848 65.9848 65.9848 65.4656 65.9848 66.2768 66.0000
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Macroeconomic Indicators (World economy)

Monthly indices

Type Feb 2017 Jan 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Mozambique) 20.88 20.56
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Yearly indices

Type 2014 2013
Government Debt to GDP (World), %
Government Debt to GDP(Mozambique) 55.40 46.90

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Mozambique, 10.5% 18jan2023, USD   USD 01/18/2023 05/18/2016 **.** **.** 05/18/2016 **.** **.**
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