Sovereign Analysis /
Belize

Belize government's low-ball restructuring proposal falls flat

  • The government's proposal involves a significant 50% PV reduction through a 30% haircut and a maturity extension

  • The proposal is unlikely to be accepted by bondholders who have other demands too

  • Immediate focus is now whether Belize will pay the 20 May coupon or risk default; retain Hold

Belize government's low-ball restructuring proposal falls flat
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
13 May 2021
Published byTellimer Research

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