Bondholders could stall Suriname talks until oil starts flowing

Bondholders could stall Suriname talks until oil starts flowing

Corporate & Sovereign Strategy International Monetary Fund (IMF) Economy & Policy Bonds Debt Fixed Income Suriname Capital Markets

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

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