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Belize asks bondholders for more time

Belize asks bondholders for more time

May 21, 2021 | Jo Bruni
Central American nation wants to extend a grace period until September 19, but creditors have yet to consider the proposal

Corporate & Sovereign Strategy Credit Ratings Bonds Economy & Policy Debt Fixed Income Belize Capital Markets

The government of Belize has asked creditors to extend a grace period on its 4.938% 2034 bonds until September 19, but bondholders have not yet considered the proposal, a source close to the matter told LatinFinance on Thursday. Belize entered a 30-day grace period after it missed a $7 million coupon payment on the $553 million in outstanding bonds on Thursday and gave bondholders until June 1 to agree to the extended delay.  "Belize's economy and financial condition have been acutely affected b

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