Bondholders reject Belize pleas before talks

Bondholders reject Belize pleas before talks

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

A group of Belize's creditors said Wednesday that it will not consider a proposal to alter terms on $553 million in 2034 bonds unless the government agrees to return to the negotiating table. The committee, which includes GMO, Greylock and Aberdeen Standard Investments, said the government of Belize dismissed calls to re-enter discussions and agree to a timeline and milestones for the talks.  "Accordingly, without any assurance that Belize is open to negotiations or discussions beyond its initia

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