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Suriname Poised to Reach Deal With Bondholders After Default

  • Suriname Creditor Committee says it supports new debt proposal
  • Nation’s bonds are among the world’s worst performers in 2020

Suriname is set to reach a deal with creditors as soon as this week after missing a $25 million interest payment on its bonds and officially entering default, according to three people familiar with the matter.

Officials in Paramaribo are discussing an accord with the nation’s bondholders to delay payments and avoid a disorderly default, with a deal expected this week, said the people, who requested anonymity because the matter is private. The South American country skipped past the 30-day grace period on its 2026 dollar notes, which were originally due on Oct. 26, the people said.