Suriname invokes 30-day grace period on debt payments

Suriname invokes 30-day grace period on debt payments

Bonds Debt Corporate & Sovereign Strategy Capital Markets Asset Management Economy & Policy Fixed Income Funds Suriname

Suriname said on Thursday that it would postpone a debt payment due on October 26, announcing through the finance ministry that it would invoke a 30-day grace period as it seeks to restructure its external debt amid an economic downturn exacerbated by the COVID-19 pandemic. The government, led by President Chan Santokhi of the center-left Progressive Reform Party, or VHP, announced on October 8 that it hired the investment bank Lazard Ltd. as its advisor for working through a restructuring with

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