Ministerie van Financiën
NIEUWSBERICHTEN
VIRTUELE TECHNISCHE BIJEENKOMST IMF- SURINAME
Een team van het Internationaal Monetair Fonds (IMF) heeft in de periode van 19 tot 22 januari 2021 virtuele technische bijeenkomsten gehouden met de Surinaamse autoriteiten en enkele stakeholders uit de particuliere sector.
IMF VIRTUAL TECHNICAL MEETING SURINAME JANUARY 2021
An International Monetary Fund (IMF) team will hold virtual technical meetings during January 19-22, 2021 with the Surinamese authorities and a few private sector counterparts. This team will follow-up by officially conducting a virtual Staff Visit mission during January 25- February 5, 2021.
Financiën Actueel editie 2021
Het is mij een waar genoegen u bij de eerste editie van ons maandblad toe te spreken. U leest het goed, ons kwartaalblad zal nu elke maand verschijnen. In ons maandblad kunt u lezen over de recente ontwikkelingen op ons ministerie. Als land staan we momenteel voor grote financiële uitdagingen. Vanuit het ministerie is er reeds een traject ingezet om urgente maatregelen tegen de crises te treffen.
CDB BASIC NEEDS TRUSTFUND TENTH (BNTF 10) PROGRAMME. REQUEST FORSUB-PROJECT PROPOSALS – BNTF 10.
The Government of Suriname anticipates receiving financing from the Caribbean Development Bank (CDB) under its Basic Needs Trust Fund Tenth (BNTF 10) Regional Programme. BNTF is a grant-funded initiative of CDB which commenced over 40 years ago and is currently in the closing phases of its ninth cycle. BNTF is one of CDB’s key instruments for addressing poverty reduction by providing access for the poor and most vulnerable communities to basic public services through the provision of social and economic infrastructure and human resources development to enhance employability, community management and engagement.
Republic of Suriname Announces Successful Results of Consent Solicitation (1)
PARAMARIBO, Suriname, December 7, 2020 -- The Republic of Suriname (the “Republic”) announced today that it has received the Requisite Consents (as defined below) as of 5:00 p.m., New York City time, on December 4, 2020 (the “Expiration Time”), according to Morrow Sodali Ltd., the Information and Tabulation Agent, for its consent solicitations announced on November 13, 2020 (each, a “Consent Solicitation”) relating to its 9.875% Notes due 2023 (the “2023 Notes”) and its 9.25% Notes due 2026 (the “2026 Notes” and, together with the 2026 Notes, the “Notes”).
Suriname PR Successful Consent Solicitation 7 December 2020
The Republic of Suriname has succeeded in obtaining the necessary bondholder votes for the consent solicitations launched on November 13th that will result in the deferral of a total of US$48 million of principal and interest payments due on its outstanding Eurobonds between October 26th, 2020 and March 31st, 2021
Republic of Suriname Announces Successful Results of Consent Solicitation
PARAMARIBO, Suriname, December 7, 2020 -- The Republic of Suriname (the “Republic”) announced today that it has received the Requisite Consents (as defined below) as of 5:00 p.m., New York City time, on December 4, 2020 (the “Expiration Time”), according to Morrow Sodali Ltd., the Information and Tabulation Agent, for its consent solicitations announced on November 13, 2020 (each, a “Consent Solicitation”) relating to its 9.875% Notes due 2023 (the “2023 Notes”) and its 9.25% Notes due 2026 (the “2026 Notes” and, together with the 2026 Notes, the “Notes”).
Suriname and its bondholders agree on payment deferral, paving the way for an orderly debt restructuring
The Republic of Suriname has succeeded in obtaining the necessary bondholder votes for the consent solicitations launched on November 13th that will result in the deferral of a total of US$48 million of principal and interest payments due on its outstanding Eurobonds between October 26th, 2020 and March 31st, 2021.
Minister Achaibersing buigt zich over knelpunten BBGO
Minister Armand Achaibersing van Financiën en Planning heeft zich samen met het bestuur van de Bond voor Belangenbehartiging Gepensioneerden uit Overheidsdienst (BBGO) gebogen over knelpunten van de groep. Beide partijen zijn het met elkaar eens dat het gesprek een vruchtbaar verloop heeft gehad. Partijen hebben op 30 november 2020 de knelpunten besproken in het BBGO-gebouw.
Suriname amends and extends consent solicitation seeking payment deferral from its 2023 and 2026 Bondholders
As previously announced, the Republic of Suriname (the “Republic”) has launched consent solicitations for its 2023 and the 2026 bonds in an aggregate outstanding amount of USD 675 million in accordance with the terms of the bond documentation.
Registratielink gelanceerd voor de Srefidensi en Owru Yari enveloppes
Minister Armand Achaibersing van Financiën en Planning heeft vandaag de registratielink voor de Srefidensi en Owru Yari enveloppe gelanceerd. Dit vond plaats op het hoofdkantoor van het Ministerie
Data Pack of the Republic of Suriname 11172020
This Data Pack (the “Data Pack”) has been prepared by the Ministry of Finance of the Republic of Suriname (the “Republic”) with the assistance of its financial advisor Lazard Frères (“Lazard”) for the attention of the Republic’s creditors (each a “Recipient”) in connection with the Recipients’ consideration of certain potential transactions regarding the Republic’s external debt (the “Purpose”). This Data Pack has been prepared exclusively for information purposes.
Suriname Creditor Committee Announces Formation
LONDON, BOSTON and NEW YORK, November 4, 2020 – A representative group of institutional holders of Eurodollar bonds due 2023 and 2026 (collectively, the “Eurobonds”) issued by the Republic of Suriname (“Suriname”) has come together to form a creditor committee (the “Committee”) in response to the announcement by Suriname that it has elected to take advantage of the 30-day grace period on the coupon payment that was due on October 26, 2020 on the 2026 Eurobonds, and that it intends to seek a payment deferral on its foreign currencydenominated debt in the short term.
Suriname requests a payment deferral from its 2023 and 2026 Bondholders
The Surinamese authorities are making significant progress in their debt management strategy as reflected in the announcement made on October 26th that the government will use its 30 day grace period for the 2026 bond interest payment. As a follow up, the Ministry of Finance has launched a consent solicitation for holders of both the 2023 and the 2026 bonds amounting to USD 675 million in aggregate in accordance with the terms of the bond documentation.
