Suriname bondholders threaten to pull termination trigger

Suriname bondholders threaten to pull termination trigger

Corporate & Sovereign Strategy Bonds Debt Fixed Income Suriname Capital Markets United States Europe Caribbean International Monetary Fund (IMF)

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

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