Belize notches bondholder support for debt relief

By Oliver West
13 Aug 2020

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?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options