May 3, 2022 |
A group of bondholders is sticking with an offer to delay payment on 95% of Suriname's sovereign bonds after the country proposed a haircut of 40% of notes that mature in 2023 and 2026.
The group, which holds 75% of the outstanding bonds, said its proposal allows Suriname to defer payments until the country "would have substantial payment capacity," according to a statement from its legal advisers.
The group did not include estimates for future oil royalties in its proposal, just as the Interna
Creditor group does not accept a 40% discount on $675 mln in bonds but says it is still willing to negotiate