Belize bondholders agree to late payments

Belize bondholders agree to late payments

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Funds Capital Markets Asset Management Tourism Belize Central America United States

A group of Belize's bondholders has agreed to extend a grace period on coupon payments until September and signed a new non-disclosure agreement (NDA) with the Central American government to discuss restructuring proposals, the group's legal representative said on Tuesday. "The committee hopes that the new NDA will facilitate good-faith negotiations based on supportable data and inter-creditor equity, and that the process will ultimately lead to a durable solution to the economic problems that u

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