Suriname creditors ask for more time to reply to deferral -statement (updated)
19/11/2020 21:17
(Adds details)
NEW YORK, Nov 19 (Reuters) - A group of Suriname's creditors
said on Thursday it would engage with the South American
country's authorities regarding a payment deferral if it extends
the current solicitation expiration, coming up next week.
"The extremely short period of time allocated to the Consent
Solicitation in its current form ... raises a concern with
respect to the viability of a successful outcome within the
allotted time," the creditor committee said in a statement.
Suriname’s government on Saturday asked creditors for a
payment deferral on its two bonds, due in 2023 and 2026, which
total $675 million. urn:newsml:reuters.com:*:nL8N2I24S2
The committee said it would "welcome the opportunity to
engage with the authorities and their advisors" as long as
Suriname "elects to extend the current Consent Solicitation
beyond the current 24 November 2020 expiration."
The creditors said they welcomed the government's
"commitment to pursue a full IMF-supported program on an
expedited schedule."
The creditor committee's members are Franklin Templeton,
Eaton Vance, GMO and Greylock Capital.
(Reporting by Rodrigo Campos and Tom Arnold; Editing by Chris
Reese and Tom Brown)
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