Grenada Reaches out to Bondholders

Grenada Reaches out to Bondholders

Caribbean Bonds Corporate & Sovereign Strategy

Grenada plans to attempt to start restructuring discussions with creditors, including holders of its USD and ECD-denominated 2025 bonds, it says. On March 8, the government said it would need a comprehensive restructuring of its public debt after missing an interest payment on the 2025s and indicating it would not be able to make the payment during the grace period. “It is now time for Grenada to confront the fact that it cannot continue to pay its debts on current terms, and that the restoratio

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