Posted: Monday, September 27, 2021. 10:48 am CST.
By Aaron Humes: The Belize Chamber of Commerce and Industry (BCCI) has issued congratulations for the majority buy-in of 84 percent of the holders of the aggregate principal amount of the outstanding Belize US Dollar Bonds 2034.
The Chamber commended the speed of this achievement – in 11 days after the launch and well before the November 19 landslide.
It recognized as well the innovative structure of the new instrument, which, among other things, ultimately represents close to a 12 percent reduction in Belize’s overall national debt, thereby, alleviating the strain on the country’s foreign assets.
The Chamber says it stands ready to collaborate and partner with the government in an effort that serves the greater benefit of the Belizean public and the country’s private sector.
The Government has extended the time for consent to October 15 while it continues to work on financing for the replacement ‘Blue Bonds’ with The Nature Conservancy and Credit Suisse AG.
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