Home / Daily Briefs / 2021 / 26 / Belize bondholders form negotiating committee

Belize bondholders form negotiating committee

Belize bondholders form negotiating committee

March 26, 2021
Creditors organize as the government attempts a fifth restructuring since 2007

Corporate & Sovereign Strategy International Monetary Fund (IMF) S&P Global Economy & Policy Bonds Debt Fixed Income Capital Markets Asset Management Central America Belize United States Tourism Coronavirus

Holders of Belize's sovereign bonds have formed a committee and scheduled a conference call for Friday after the government announced last week that it wanted to restructure a so-called superbond that matures in 2034. The government, led by Prime Minister Johnny Briceño of the People's United Party (PUP), plans to restructure the bonds as part of a plan to restore fiscal sustainability, although it admitted that its debt-to-GDP ratio will likely remain above 100% until 2026. Briceño, who took of

Already have an account?

    Forgot your password?

Free trial

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

Free Trial