Belize Moving Closer to Superbond 3.0?
Government will have to find a hundred and twenty million dollars even as Superbond renegotiations take place. But is Belize closer to obtaining debt relief from the Belize 2038 Bonds, also known as Superbond Three Point Oh? Credible information to News Five is that the Consent Solicitation to bondholders will be launched on January twelfth, and the terms are agreed by more than seventy-five percent of bondholders, which is the threshold to move forward. However, those agreements are only verbal, and formal written commitments are expected sometime this week. Once those are gained, Belize will sign a supplemental indenture with overall trustee Bank of New York-Mellon Corporation, to implement the new agreement. Under the proposed agreement, Belize must publish a debt sustainability analysis and inform whether it has a stand-by agreement with the International Monetary Fund. Prime Minister Dean Barrow had indicated that Belize hopes to wrap up negotiations ahead of the budget presentation in March. Any new agreement would likely include a coming interest payment in February.