Mozambique's Ematum launches $500 million seven-year notes at 8½%

By Christine Van Dusen

Atlanta, Sept. 5 - Mozambique's Ematum launched its offering of $500 million seven-year notes (/B+/B+) at a yield of 8½%, a market source said.

Pricing was expected to take place Thursday.

BNP Paribas and Credit Suisse are the bookrunners for the Regulation S-only deal.

The proceeds will be used for the development of Mozambique's domestic fishing infrastructure.

Ematum is a Mozambique government agency.

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