The New Bonds


SuperBond Motion Text – 2013

BELIZE HOUSE OF REPRESENTATIVES 12TH FEBRUARY, 2013 GOVERNMENT OF BELIZE – EXTERNAL DEBT RESTRUCTURING MOTION, 2013 _________ .. _________ WHEREAS, the Government of Belize is currently engaged in an exercise to restructure its external debt with a view to achieving a sustainable debt position; AND WHEREAS, as a key element of this exercise, the Government of Belize proposes to issue certain debt securities in the form of new U.S.$ Bonds (“the New Bonds”) to be given in exchange for Eligible Claims held by certain existing security holders; AND WHEREAS, the terms and conditions of the New Bonds are as follows:- […]