IPTs deemed "too low" on Suriname bond

IPTs deemed "too low" on Suriname bond

Andean Caribbean Bonds

Bankers monitoring Suriname's upcoming bond issue said the sovereign was getting good value for its trade, with some deeming initial price thoughts "too low." Bookrunners Oppenheimer and Scotiabank set IPTs in the 9.5% area yesterday, debt capital markets sources said. The B1/B+/B+ rated South American sovereign is scheduled to price a $500m Rule 144A/Reg S 2026 bond today.  While some bankers suggested that IPTs were low, B1/B+/B+ rated El Salvador's 2027 bonds were seen at levels of

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