May 31, 2019 |
International investors have objected to a proposal to accept a discount on defaulted sovereign bonds from Barbados and asked that the island nation negotiate new terms as quickly as possible.
"They want to give us the same haircut they gave to local investors, but that is not on the table," said an investor on the creditor committee that represents 55% of Barbados' dollar debt. "We are willing to offer them some relief, but nowhere near what they gave to local holders."
Local investors can ac
Creditor committee wants to negotiate new terms as soon as possible