Bondholders stick to proposal in Suriname talks

Bondholders stick to proposal in Suriname talks

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

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

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