May 10, 2021 |
A group of Suriname's creditors said Friday that it could "exercise a termination trigger" that would reinstate deferred payments and other obligations because the South American country has breached its commitments to bondholders.
In early April, Suriname asked bondholders for permission to delay payments on its 9.875% 2023 and 9.25% 2026 bonds, seeking more time to reach an agreement with the International Monetary Fund (IMF).
According to the creditor committee, Suriname promised not to com
Creditor committee says the South American nation has not kept the promises it made in April