Bondholders spare Suriname from default for now

Bondholders spare Suriname from default for now

Corporate & Sovereign Strategy International Monetary Fund (IMF) Economy & Policy Bonds Debt Fixed Income Loans Suriname United States Capital Markets Asset Management Coronavirus

A group of bondholders said Wednesday that it declined triggering default on Suriname's bonds, "despite reasonable grounds to do so," but asked the government for more information on a proposed economic reform agenda. The creditor committee, represented by Newstate Partners and US law firm Orrick, "requires full transparency and disclosure of information that would allow members to assess and comment on the government's proposed economic reform program, including the underlying debt sustainabili

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