Suriname Launches Terms of $675 Million Debt Restructuring Deal
- South American nation offers oil-linked notes in swap
- Committee of large bondholders says it supports the deal
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Suriname offered to swap $675 million of dollar bonds for new notes, including those linked to oil royalties, as the South American nation wraps up the final steps of its debt restructuring.
The government invited investors of debt due in 2023 and 2026 to exchange their holdings for new 10-year bonds with a 7.95% interest rate, according to a Monday statement.