Mozambique's dollar bond rises after U.S. clears $5 bln LNG loan
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NAIROBI, March 14 (Reuters) - Mozambique’s sovereign dollar bond gained just under 2 cents on Friday, Tradeweb data showed, after the United States cleared a long-delayed $5 billion loan for a liquefied natural gas project.The 2031 bond (XS2051203946=TE) gained 1.83 cents to bid at 80.94 cents on the dollar.The U.S. Export-Import Bank loan needed re-approval after TotalEnergies froze construction on the project in 2021 following violent unrest in the northern Cabo Delgado region.
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