The bond issue on which Mozambique is about to default is the $727m Eurobond, due January 2023. This is the bond issued in April 2016 to refinance Mozambique’s notorious 'tuna bonds'.

The son of Mozambique's ex-president and 18 others have gone on trial over the $2bn (£1.5bn) "tuna bonds" affair. Ndambi Guebuza, son of former President Armando Guebuza, and the others face ...

The fishing fleet of Mozambique government-owned tuna fishing company EMATUM, one of three companies involved in the "tuna bonds" scandal, docked in Maputo, Mozambique, May 3, 2016.

NEW YORK (AP) — Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that ...

Mozambique has dropped a significant part of its claim against Emirati-Lebanese shipbuilder Privinvest over the decade-old "tuna bond" scandal, just days after settling its case against Credit ...

The Republic of Mozambique has succeeded in its lengthy $2bn (£1.5bn) High Court battle with an Emirati-Lebanese shipping company Privinvest over allegations it paid bribes in what has become ...

Mozambique will pursue compensation from shipbuilder Privinvest in a London court, officials said on Monday, after Credit Suisse reached an 11th-hour out-of-court settlement on Sunday with the ...

How did Tuna Bonds wreck a country's economy? : The Indicator from Planet Money Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked ...

Global investors who in 2013 thought they were lending a state-owned company $850 million to buy a tuna fishing fleet learned within months that the funds had been diverted to buy ships for the navy.

Andrew Pearse, a former Credit Suisse banker involved in Mozambique’s “tuna-bond” scandal, was sentenced Thursday to time served by a Brooklyn federal court. Pearse has spent more than six ye ...

Mozambique’s former Finance Minister Manuel Chang faces a criminal trial on Monday in New York over his role in a $2 billion bond fraud scandal that embroiled Credit Suisse Group AG and created ...

NEW YORK (AP) — Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that ...