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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  GMO Research, Inc.    3695   JP3386530004

GMO RESEARCH, INC.

(3695)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/22
1735 JPY   +0.87%
2020A (markets) journal of the plague year
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2020A (markets) journal of the plague year
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2020A (markets) journal of the plague year
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GMO Research : Suriname extends deadline for creditors to accept bond payment deferral

11/26/2020 | 12:26am EST

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 Wednesday.

Earlier in the day, Finance Minister Armand Achaibersing said Suriname was in advanced talks with the IMF, but gave no details.

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 cents.

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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EATON VANCE CORP. -0.34% 71.28 Delayed Quote.5.28%
GMO RESEARCH, INC. 0.87% 1735 End-of-day quote.4.20%
All news about GMO RESEARCH, INC.
2020A (markets) journal of the plague year
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2020A (markets) journal of the plague year
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2020A (markets) journal of the plague year
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2020A (markets) journal of the plague year
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2020GMO RESEARCH : Suriname extends deadline for creditors to accept bond payment de..
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2020GMO RESEARCH : Suriname says creditors extend bond payment deadline to Thursday
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2020GMO RESEARCH : Suriname creditors ask for more time to reply to deferral -statem..
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Financials
Sales 2019 3 290 M 31,7 M 31,7 M
Net income 2019 137 M 1,32 M 1,32 M
Net cash 2019 704 M 6,78 M 6,78 M
P/E ratio 2019 22,1x
Yield 2019 2,28%
Capitalization 2 829 M 27,3 M 27,3 M
EV / Sales 2018 0,45x
EV / Sales 2019 0,70x
Nbr of Employees 162
Free-Float 37,1%
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Managers and Directors
NameTitle
Shinichi Hosokawa President, CEO & Representative Director
Masatoshi Kumagai Chairman
Tetsuya Hongo Chief Operating Officer & Director
Tetsuya Takano CFO, Director & GM-Business Administration
Kenichiro Ando Director & Chief Technology Officer
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