Bondholders uneasy as Suriname prepares for restructuring

Bondholders uneasy as Suriname prepares for restructuring

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Suriname

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

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