Belize notches bondholder support for debt relief
Central American sovereign Belize said this week that more than three-quarters of its bondholders supported its proposal to capitalise its next three bond payments. The Covid-19 pandemic is battering the country’s tourism-reliant economy.
Belize launched a consent solicitation in July asking holders of its $526.5m of 4.9375% 2034s to capitalise coupon payments due on August 20 and November 20 2020 and February 20, 2021. The 2034s, which are the result of a 2017 restructuring, are Belize’s only international bond.
According to the ...Already a subscriber? Login
Further Reading
-
IPOs
European ECM suffers as US sell-off continues
-
Africa
'Everything else is secondary' to debt transparency as Zambia-IMF talks extended
-
Market News
China policy and markets round-up: CBIRC chief warns against inflow risks, issuers move to exchange market for carbon neutrality bonds
-
Regulation & Policy
Two Sessions special: China takes cautious approach to 2021 GDP growth, cuts budget deficit target and local government bond quota