Belize Skips Payment, Enters Grace Period

Belize Skips Payment, Enters Grace Period

Belize Corporate & Sovereign Strategy

The government of Belize has entered a 30-day grace period following failure to make a $23m coupon payment due Monday. “By defaulting on the bond, we believe the government is forcing bondholders to make a difficult decision between holding out, litigation and hoping to get paid sometime down the line, or simply cut their losses and accept whatever payment the government has to offer,” JPMorgan says in a research report. An ad-hoc bondholder group formed in response to the situation, now said to

Already have an account?

Free trial

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

Free Trial