Belize Inches Closer to Default

Aug 15, 2012

Belize is unable to make a $23.1m coupon payment on its $543.8m outstanding in 2029 “super bonds” scheduled for August 20, the government says, moving the situation closer to a default and possible decision to accelerate by its bondholders. “We simply cannot afford this coupon payment given the financing shortfalls and other challenges we face. Our hope is that we move quickly toward a sensible restructuring of the instrument,” Prime Minister Dean Barrow says in a...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?


Popular Searches