Bondholders accept late payments from Suriname

Bondholders accept late payments from Suriname

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Structured Finance Politics Coronavirus

Holders of roughly 83% of Suriname's 9.875% 2023 bonds have agreed to accept deferred payments after the sovereign issuer missed a payment on June 30, the country said in a press release. Suriname offered to resume interest payments in June 2021 if it gets a loan from the International Monetary Fund (IMF) before the end of the year. If it does not get the loan, it said it will pay $15 million on December 30 this year, followed by six semi-annual installments of $18.3 million each. It also asked

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