PARAMARIBO/NEW YORK, Nov 26 (Reuters) - Suriname extended a
deadline on Wednesday by more than a week for creditors to
respond to a proposal to defer some payments on two bonds due in
2023 and 2026, the government said in a statement.
It sweetened the deal by offering to pay interest on the
deferred interest payments. This month, the South American
nation had asked creditors to defer payments on the bonds, with
a total outstanding principal of $675 million.
A "staff-level" pact with the International Monetary Fund
before March 24 would buy Suriname extra time to make its
payments to creditors, according to the offer.
A 30-day grace period for payments due last month expired on
Earlier in the day, Finance Minister Armand Achaibersing
said Suriname was in advanced talks with the IMF, but gave no
Last week, the IMF said Suriname had asked for "financial
assistance", adding that it was holding "constructive and close
dialogue" with its officials.
Suriname's 2023 bond last traded just over 53
cents on the dollar and the 2026 issue near 52
Last week, a committee of creditors, which includes Franklin
Templeton, Eaton Vance Corp, GMO Research Inc
and Greylock Capital, said it would be willing to
discuss a payment deferral as long as Suriname allowed enough
time for talks.
(Reporting by Ank Kuipers and Rodrigo Campos; Editing by Tom
Brown and Clarence Fernandez)