Time constraints pressure Suriname consent solicitation

Suriname, river, South America, jungle, LatAm, Caribbean, 575
By Oliver West
20 Nov 2020

Suriname could be running out of time to avoid default via a consent solicitation designed to grant it a debt standstill, even as bondholders praised the sovereign’s approach to discussions.

After missing an October 26 coupon payment on its $550m 9.25% 2026s, Suriname had on November 13 launched a consent solicitation asking bondholders to agree to delay all debt payments until March 31 or April 26 next year, depending on whether it has reached an IMF ...

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