International Bonds


Belize Prime Minister Announces New Debt Terms on Defaulted Bond

By Adam Williams – Feb 12, 2013 12:32 PM CT Belize’s government proposed extending maturities and cutting the coupon on the country’s $544 million of defaulted debt as part of the Central American nation’s second debt restructuring since 2007. Prime Minister Dean Barrow’s plan would extend the maturity on the defaulted bonds to 2038 from 2029 and lower the current coupon to 5 percent from 8.5 percent. Barrow, speaking to the lower house in Belmopan, said the agreement would provide the country $247 million in relief over the next 10 years. “There is no reason to fear that with this […]