Suriname to miss coupon payment, engage IMF amid liquidity squeeze

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Suriname to miss coupon payment, engage IMF amid liquidity squeeze

Suriname, Paramaribo, boats, river, LatAm, jungle, 575
PARAMARIBO,SURINAME- MARCH 17, 2016: Colorful wooden boats at the shore of the Suriname river in Paramaribo | Patricia Hofmeester/Patricia - stock.adobe.com

Suriname’s new government said on Thursday that it would not make a coupon payment due next Monday on its $550m of 9.25% 2026s as it prepares for restructuring discussions. But with the Surinamese economy capable of generating high levels of hard currency, the focus could be on liquidity relief rather than principal haircuts.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article