Belize books blue bonds to restructure debt

Belize books blue bonds to restructure debt

Corporate & Sovereign Strategy International Financial Institutions Economy & Policy Bonds Debt Fixed Income ESG Green Bonds Green Finance Capital Markets Belize Central America United States Tourism

Belize plans to issue blue bonds in a deal with US 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 bonds and i

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