ANNOUNCED- The Republic of Suriname US$250m-300m add-on 8.50% '33
The Republic of Suriname , Caa1/CCC+, announced a US$250m -300m 144a/RegS Re-Opening of 8.500% 11/6/35 Notes via sole bookrunner: BofA. UoP:The Republic intends to use the net proceeds from the offering to (i) deposit funds in the Debt Service Prefunding Account for the purpose of repaying certain bilateral loans and/or increasing the amount of funds in the account; and (ii) financing, in whole or in part, one or more Eligible Social Expenditures (including projects in essential public services, food security, affordable housing, employment generation, and financial inclusion)
IPTs: 7.75% area