The Bank of Mozambique (BdM) warns that delays in the payment of domestic public debt issued by the State are discouraging investors and impacting the banking market, clarifying that this debt currently stands at €6.3 billion.
“Domestic public debt continues to worsen, affecting the normal functioning of financial markets. Excluding loan and lease agreements and liabilities in arrears, it currently stands at €6.3 billion, representing an increase of €145.5 million compared to December 2025,” according to the conclusions of the central bank’s Monetary Policy Committee (CPMO) meeting held on Wednesday (28) in Maputo.
In the document, the financial institution recalls that “the delay in the payment of domestic public debt instruments by the State continues to be reflected in investors’ weak appetite for government securities and the rigidity of interest rates in the interbank money market.”
According to data from the Mozambique Stock Exchange (BVM), in the last days of 2025, the country placed almost €106.1 million in three issues of Treasury Bonds (OT) via the stock exchange.
The first issue, called OT-2025 7th Series, was completed on December 26, with a value of €27.7 million, a five-year term, and a fixed interest rate of 13.5%. The first interest payment on this issue is due on June 29, 2026, and repayment will be made in five equal principal installments between December 27, 2028, and December 27, 2030.
The second issue, called OT-2025 8th Series, was completed on December 29, with a value of €39.2 million, a six-year term, and a fixed interest rate of 15%.
The third issue, called OT-2025 9th Series, was also completed on December 29, also through the BVM, with an identical value of €38 million, a six-year term, and a fixed interest rate of 15%. However, this issue was made with a one-year grace period, without interest payments.
These three OT issues are in addition to the six previous ones, made between March and September, totaling €355 million, five of which were entirely for the exchange of previous issues, according to data from the Ministry of Finance.
