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Sep 27, 2021

B.C.C.I. Congratulates G.O.B. for Bondholder Buy-In

The Belize Chamber of Commerce and Industry has issued a statement lauding the Government of Belize for having obtained the buy-in of approximately eighty-four percent of the holders of the outstanding Belize US Dollar Bonds 2034. The Chamber says it is commendable that this figure, which is well above the seventy-five percent threshold needed, has been reached well before the November nineteenth, 2021 settlement deadline. The B.C.C.I. says it had already expressed its support for an innovative Blue Bond Financing strategy which ultimately represents close to a twelve percent reduction in Belize’s overall national debt.  The business organization says its membership 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.”

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