Bondholders will receive new notes from a pending $650 mln issue
Category: Suriname
Posted inDaily Brief
Suriname proposes exchange for defaulted bonds
South American nation wants to exchange defaulted notes as part of restructuring plan
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Suriname strikes deal with bondholders
South American nation will issue $650 mln in new 2033 bonds to replace debt due in 2023 and 2026
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Moody’s improves outlook for Suriname
Rating agency says the South American country has limited access to financing sources amid an ongoing default
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IDB approves loans for water services
US-based development bank provides $880 mln in financing for four countries, including $500 mln for Bolivia and $150 mln for Argentina
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IDB funds job training in Suriname
US-based multilateral lender provides $10 mln to help jobseekers and employers
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Bondholders stick with Suriname offer
Creditor group repeats proposal to delay payments after rejecting a debt exchange from the country’s finance ministry
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Bondholders stick to proposal in Suriname talks
Creditor group does not accept a 40% discount on $675 mln in bonds but says it is still willing to negotiate
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IDB backs economic reforms in Suriname
US-based development also grants $260 mln for transmission lines in Paraguay and $100 mln to address the COVID-19 pandemic in Jamaica
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Bondholders doubt rapid return to Suriname talks
Negotiations could stall until oil companies announce final investment decisions for offshore discoveries in early 2022