Mozambique Dollar Bond Selloff Deepens as Iran War Adds to Woes

Mozambique’s dollar bond extended a selloff into an 11th day, pushing the country’s credit deeper into distressed territory, as the oil-price shock strains its already-fragile finances.

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 bond yield rose to 15.2%, according to CBBT composite pricing.