Suriname creditors back latest debt deferral

Suriname, finance ministry, Paramaribo, LatAm, caribbean, 575, restructuring
By Oliver West
08 Apr 2021

A group of institutional investors owning international bonds issued by Suriname have agreed to grant the South American sovereign a third debt payment standstill after the issuer modified the terms of a consent solicitation.

Suriname has extended the deadline on its consent solicitation — through which it is seeking to postpone bond payments until July 30 — from April 8 to 5pm New York time on April 12. The postponement of payments is contingent on Suriname reaching a staff-level agreement with the ...

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