By Rebecca Melvin
New York, Jan. 7 – The Republic of Suriname has priced $125 million three-year notes at 95.000422, according to a filing from the sovereign.
Oppenheimer & Co. is the bookrunner and lead manager for the Rule 144A and Regulation S deal.
The proceeds will be used to fund the transfer of the Afobaka hydropower plant to a state-owned entity. The notes are mandatorily redeemable if the ownership transfer does not occur.
| Issuer: | Suriname
|
| Amount: | $125 million
|
| Maturity: | Dec. 30, 2023
|
| Description: | Notes
|
| Bookrunner: | Oppenheimer & Co.
|
| Co-manager: | Republic Bank
|
| Coupon: | 9 7/8%
|
| Price: | 95.000422
|
| Announcement date: | Jan. 7
|
| Distribution: | Rule 144A and Regulation S
|
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