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 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.
TOELICHTING: Ontwerpstaatsbegroting 2021 en begrotingstekort
De Vereniging van Economisten in Suriname (VES) geeft aan dat het begrotingstekort 12,9 miljard bedraagt. Echter klopt dit niet. Dit, omdat de totale ontvangsten in de Ontwerpstaatsbegroting van 2021 SRD. 15.3 miljard bedraagt, terwijl de totale uitgaven op SRD. 22.1 miljard geschat zijn.
Republic of Suriname - Situation Update to Creditors
As a first step in addressing in a transparent manner the debt sustainability issues currently facing the Republic of Suriname, Cabinet Ministers of the newly elected Government of the Republic of Suriname gave a presentation on the country’s current financial challenges and economic outlook.
Investor Presentation Webcast Video October 30th, 2020: Situation Update Suriname's Creditors
The Ministry invited all holders of commercial obligations of the Republic, including the Notes, to an investor presentation that took take place on 30 October 2020. At the investor presentation, further details of Suriname’s current financial and economic position have been disclosed and the next steps in the process to restoring public debt sustainability have been discussed.