NEW YORK, Nov 19 (Reuters) – A bunch of Suriname’s collectors mentioned on Thursday it will have interaction with the South American nation’s authorities concerning a fee deferral if it extends the present solicitation expiration, developing subsequent week.
“The extraordinarily quick time frame allotted to the Consent Solicitation in its present type … raises a priority with respect to the viability of a profitable consequence throughout the allotted time,” the creditor committee mentioned in a press release.
Suriname’s authorities on Saturday requested collectors for a fee deferral on its two bonds, due in 2023 and 2026, which whole $675 million.
The committee mentioned it will “welcome the chance to interact with the authorities and their advisors” so long as Suriname “elects to increase the present Consent Solicitation past the present 24 November 2020 expiration.”
The collectors mentioned they welcomed the federal government’s “dedication 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; Modifying by Chris Reese and Tom Brown)
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