Barbados creditors welcome exchange offer

Barbados, beach, Caribbean, resort, sea, LatAm
By Oliver West
07 Nov 2019

A group of Barbados' creditors on Wednesday welcomed the government’s launch of an exchange that could see the island nation wrap up an 18 month debt restructuring process.

Barbados and a committee of creditors — representing just under 60% of the total debt eligible for this exchange — had released a joint statement on October 18 saying that they had come to an agreement on terms of the restructuring.

Earlier this year, the two parties had ...

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