Bonds
Bright Oil Future Bolsters Bonds of Tiny South America Nation
- Anticipation builds for TotalEnergies’ Suriname investment
- Country has made ‘massive’ fiscal adjustment, analyst says
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Anticipation of an oil windfall is making debt from Suriname, a tiny South American nation, one of the best performers in emerging markets this year.
Bonds have jumped 3 cents on the dollar since July 25, when TotalEnergies’ Chief Executive Officer Patrick Pouyanne said the company could decide on its $9 billion project there as soon as the end of the third quarter.