October 13, 2020 |
Bondholders are concerned that Suriname has hired Lazard to help renegotiate its external debt, uneasy about the tactics that the financial advisory firm uses in talks with investors, sources told LatinFinance.
"[Suriname] hired Lazard, which is never good for bondholders," said one investor, following an announcement by President Chan Santokhi on October 8.
The financial advisory firm "convinces countries that bondholders are enemies," the investor said. "It signals that a contentious restructu
Investors see long and contentious talks after the country hires Lazard as financial adviser