Government of Belize Marketable Securities Offering Press Release
The Government of Belize (GOB) is offering to the public $140,000,000 in Floating Rate Notes (FRNs) indexed to the annual average inflation rate (IR) (if greater than zero) for the previous year as published by the Statistical Institute of Belize and the International Monetary Fund. Application forms are available on the Central Bank’s website: www.centralbank.org.bz. Central Bank reserves the right to accept or reject all or any application.
Amount
$140,000,000 in One, Two, Five, Seven and Ten Year Notes
Denomination
$1,000 or multiple thereof
Price
Sold at Par
Fiscal/Paying Agent
Central Bank of Belize
Issuer
Government of Belize
Payment of Interest
Interest on the notes accrues from the date of issue and will be payable semi-annually until maturity. The principal amount will be repaid at face value on maturity.
Security
These notes are backed by the full faith and credit of the GOB.
Structure and Adjustable Rates
Tax Status
Interest earnings on the notes are tax exempt.
Use of Proceeds
To provide financing to meet second and final compensation payments for shares acquired in BTL.
Closing Date
May 19, 2017 by 1:00 p.m.
Payment Instruction
Payment should be made through your Commercial Bank via APSSS to the Central Bank of Belize account no. GL1CORP0402627.
Additional Information