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Suriname says creditors' termination trigger not compliant with bond terms

06/21/2021 | 05:37pm EDT

NEW YORK, June 21 (Reuters) - Suriname said on Monday the termination trigger notice sent by its creditors is not compliant with the bond's terms, making it "ineffective."

"In the absence of evidence that the delivered notices are compliant with the terms of the contractual documentation governing the Notes, the Ministry of Finance has concluded that the delivered notices are ineffective and the Termination Trigger with respect to the Notes has not been exercised," the government said in a statement. (Reporting by Rodrigo Campos; editing by Jonathan Oatis)


© Reuters 2021
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