Suriname Invites Offers for Tendering 7.95% Cash/PIK Securities Due 2033

Suriname's Invitation to Tender 7.95% Cash/PIK Securities



On October 23, 2025, the Republic of Suriname announced the commencement of an invitation for holders of its 7.95% Cash/PIK Securities due 2033 to submit offers to tender their securities for cash. This decision is significant for both the Republic and its investors, as they navigate the economic landscape marked by strategic financial decisions.

Details of the Invitation


According to the announcement, offers to purchase the principal amount of these outstanding securities will be accepted, along with accrued interest related to them. The Invitation commenced on October 23, 2025, and will remain open until 5 PM New York time on October 29, 2025, unless it is extended or terminated sooner. Investors looking to participate should be aware that the settlement of any accepted tenders is scheduled for approximately November 4, 2025, although Suriname reserves the right to delay this date without extending the offer period.

Security Information


The securities involved in this invitation have notable identifiers including CUSIPs and ISINs that outline their specifics:
  • - 7.95% Cash/PIK Notes due 2033:
- Rule 144A CUSIP: 86886PAC6
- ISIN: US86886PAC68
- Regulation S CUSIP: P68788AC5
- ISIN: USP68788AC53

As of the announcement date, the principal amount outstanding was approximately $693,770,384, with a purchase price set at $1,002.50 per each $1,000 principal amount of securities validly tendered and accepted.

Conditions and Considerations


Suriname retains the discretion to not accept any or all offers, modify the purchase price, or set a maximum purchase amount. Furthermore, the acceptance of tenders may be proration subject to a maximum amount that Suriname may establish at its discretion. Detailed terms and conditions regarding this invitation are outlined in the official document that investors are encouraged to consult before engaging in any offer submissions.

Participation Instructions


Investors wishing to submit offers must do so through The Depository Trust Company (DTC) utilizing its Automated Tender Offer Program (ATOP). To initiate the process, holders should coordinate with their brokers or dealers for effective participation. It is worth noting that securities tendered through this invitation may be withdrawn before a specified deadline, in accordance with the established procedures.

Termination of the Offer


Suriname may, at its discretion, amend or terminate the offer. Should the offer be terminated, any securities tendered and not accepted will be promptly returned to the respective holders. The full terms and conditions of this invitation are available through Global Bondholder Services Corporation, which serves as the information and tender agent for this offer.

Conclusion


This invitation to tender reflects the financial strategy of Suriname amidst its economic objectives, allowing investors a choice to manage their securities effectively. Entities such as BofA Securities, Inc. serve as the Dealer Manager to facilitate inquiries regarding the invitation, ensuring that all parties contain complete information prior to making significant financial decisions. Investors are urged to thoroughly read and understand the invitation to make informed decisions regarding their securities.

Topics Financial Services & Investing)

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