Suriname’s future oil wealth has reared up to bite it as it tries to restructure $675 million in defaulted bonds, Suriname’s Ministry of Finance said in a statement this week. Suriname’s restructuring offer made by the Ministry of Finance was rejected by five creditors this month, as the country tries to find a solution to its default.
What may have otherwise been an acceptable offer, however, is looking less attractive to creditors, who are eyeing future oil royalties from mouthwatering oil riches that could soon be exploited,…When Future Oil Wealth And Current Debt Collide
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