Suriname notches structured deal to fund dam handover

Desi Bouterse, murder, president, Suriname, LatAm
By Oliver West
18 Dec 2019

Despite its only previous outstanding bond trading at distressed levels and its president being sentenced to 20 years in jail for murder during the sale process, Suriname has managed to issue $125m of new amortising bonds that analysts say should be crucial for a proposed electricity reform.

With Suriname’s 9.25% 2026s having slipped from above par at the start of the year to the 70s due to fiscal deterioration, the sovereign had to work carefully to sell the new bond.

What was initially posited as a $150m 18 month bullet deal became a $125m ...

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