Sovereign Analysis /
Suriname

Suriname: Bondholders trigger termination clause – implications

  • Bondholders exercise Termination Trigger meaning payments that had been deferred until 30 July are immediately due

  • Bondholders cite lack of goodfaith negotiations; Republic disagrees and contests on technical grounds

  • Either way, Suriname looks set to default, now or later, but with limited practical implications; retain Sell

Suriname: Bondholders trigger termination clause – implications
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
18 June 2021
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