Suriname Nears Key Restructuring Deal After Years in Default
- Oil-linked security may be part of deal, people familiar say
- Potential debt deal may bring investor losses of 25% to 30%
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Suriname’s creditors are nearing a deal with the South American nation’s government to restructure $675 million of bonds, according to people familiar with the matter.
An agreement, which could result in losses in a range of about 25% to 30% for investors, stands to finally lift the country out of a years-long default, said the people who asked to not to be name because the matter is private. It is also likely to help as the nation looks to resume a program with the International Monetary Fund.