News Summary

• The $900 million note due 2031 extended its decline Thursday to trade around 77.50 cents, the lowest since April 2025 and down more than eight cents since the war started.
• The moves have taken Mozambique’s yield spread over Treasuries to around 1,336 basis points, well above the 1,000 basis-point level seen as a marker of distress.
• The next coupon on the 2031 dollar bond, a $45 million payment, doesn’t fall due until September.