Eyes on IMF as Suriname clinches debt delay

By Oliver West
15 Apr 2021

More than 90% of Suriname’s bondholders this week participated in a consent solicitation that extends the sovereign’s debt standstill until the end of July. But the government has only until April 30 to sign a deal with the IMF, or the standstill will be cancelled.

Some 87.2% of owners of Suriname’s $125m of 9.875% 2023s and 93.05% of the holders of the sovereign’s $550m of 9.25% 2026s this week agreed to grant Suriname relief from all coupon and amortisation payments until July 30, the sovereign said.

This is far more than the 75% consent ...

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