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BEL opens offer of $27.5 MM Series 7 Debenture

Posted: Tuesday, March 1, 2016. 8:25 pm CST.

Posted: Tuesday, March 1, 2016. 8:26 p.m. CST

BEL logoBy BBN Staff: The Belize Electricity Limited (BEL) today announced its opening of a $27.5 million Series 7 Debenture offer at a subscription cost of $100 each to earn a six percent interest rate for 12 years through to 2028.

Interested persons are being advised though that first preference will be given to holders of Series two and four Debentures up to March 11 after which the public can subscribe for remaining Debentures until March 31st.

BEL states that the proceeds will be used to refinance its Series two and four Debentures and redeem existing debentures held by holders who choose not to invest in the new offering. For further information interested persons are welcomed to contact the company’s Securities Officer at 227-0954 or email [email protected].

 

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