Buy Suriname Bonds and Oil Warrant After Recent Vote: Barclays

Barclays recommends buying Suriname’s 2033 bonds and the oil warrant due in 2050, citing positive market signals after the election of a coalition led by the center-left National Democratic Party.

• “A broad-based political coalition should provide sufficient checks and balances in economic policy,” strategist Jason Keene wrote
  • He remains overweight on the credit
• Views the decision to delegate central bank leadership to the National Party of Suriname as a positive sign
• Keene expects the new government to have “ample financing options to bridge the gap” to first oil production in 2028
  • Still, “we do not expect the new government to ...