Barclays raised Suriname bonds to overweight after the nation sold
- “While the uncertainty around oil and gas development could be a driving factor, we remain confident in first oil in Block 58 in 2028” which will come two years before the new 2030 bonds are set to mature, wrote strategist
Jason Keene in a Thursday note- Recommends buying bonds due in 2030
- Expects net proceeds from the bond sale to help shore up reserves
- The strategist came back from an August trip to the South American nation more constructive on ...