September 28, 2021 |
The government of Belize said the "vast majority" of holders of its only international bond have signed on to a deal to restructure $550 million worth of dollar-denominated debt.
Bondholders with 84.4% of Belize's 4.938% 2034 bonds tendered their notes in a buyback announced earlier this month, above the 75% threshold that the government needed to proceed with the deal, according to a press release on Friday.
A group that holds close to 50% of the outstanding bonds, anchored by Aberdeen Standar
Bondholders tender more than 84% of 2034 bonds in a deal that involves an upcoming sale of blue bonds