Suriname invites bondholders to IMF talks as it seeks payment relief

Suriname, finance ministry, Paramaribo, LatAm, caribbean, 575, restructuring
By Oliver West
16 Nov 2020

Suriname has accepted bondholder pleas to participate in discussions with the International Monetary Fund as it looks to persuade creditors to grant five months of payment relief ahead of a full-blown debt restructuring.

After missing a coupon payment on its 2026s on October 26, Suriname had indicated on a call with investors that it would be seeking a payment standstill to gain more time for discussions about the future of its two international bonds: the $550m of 9.25% 2026s ...

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