Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt, the government said on Wednesday.
The deal to restructure Suriname's two outstanding dollar-denominated bonds includes a single, $650 million 10-year bond with a 7.95% interest rate, amounting to a 25% "haircut on the total recognized claims," the government said in a statement.
Reuters first reported that both parties had reached a deal on debt restructuring.
