September 8, 2021
Belize plans to issue blue bonds in a deal with New York-based conservation organization The Nature Conservancy (TNC) as part of its efforts to restructure around $550 million in outstanding debt, the government said in a press release last week.
A group of Belize's bondholders has agreed to an offer for the government to repurchase its 4.938% 2034 bonds and backed a proposed transaction with TNC to raise funds for the buyback, the government said.
The group holds close to 50% of the outstanding
Central American sovereign issuer plans to use the proceeds from a deal with The Nature Conservancy to repurchase its 2034 notes