Belize finally jumps restructuring hurdle

By Oliver West
16 Mar 2017

Central American sovereign Belize said on Wednesday that it had received the necessary approval from bondholders to restructure dollar bonds that comprise nearly 40% of its total debt stock.

After extending the deadline four times on a consent solicitation launched on January 12, Belize finally ceded to creditor demands with an amended proposal on March 3. 

This led the 2038s, of which $526.5m is outstanding, to shoot up from the mid-40s to the high 60s in the secondary ...

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