June 4, 2021 |
Suriname's creditors could seek to delay restructuring talks until oil starts flowing from recent offshore discoveries after the country asked them to accept a 70% discount on principal payments and lower coupons in a proposed bond swap, one of the bondholders told LatinFinance on Thursday.
"I have never seen an opening offer with that kind of principal haircut, aside from a highly indebted poor country," the bondholder said. "Suriname is, in fact, offering 20 cents on the dollar when you combin
Creditors react to an "aggressive" proposal that seeks a 70% discount on principal and lower coupons