Suriname reaches threshold for $675 million debt exchange

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Murphy's Logic and reflections on 45+ years of broadcasting | SaltWire - Suriname said on Monday its private creditors had consented to the government's offer to exchange $675 million of dollar bonds for new notes, with owners of more than 92% of the bonds by value signing up.

The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15, 2033, with an annual interest rate of 7.95%. The result of the offer was expected after the committee of debt holders including Franklin Templeton, Eaton Vance, GMO, Greylock Capital and T. Rowe Price issued a statement in support.

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