Floating Rate Notes (FRNs)

Floating rate notes (FRNs) are variable interest-earning securities issued and guaranteed by the Government of Belize with maturities ranging from one to 10 years.

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

Maturity Amount Coupon Rate App Forms
1-YR $10,000,000 1.50%+IR (1- Yr) (PDF )
2-YR $6,000,000 2.75%+IR (2- Yr) (PDF )
5- YR $22,000,000 3.75%+IR (5- Yr) (PDF )
7-YR $22,000,000 4.50%+IR (7- Yr) (PDF )
10-YR $80,000,000 5.00%+IR (10- Yr) (PDF )

 

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

Finance Department
Central Bank of Belize
Telephone (501) 223-6194 Ext. 224
www.centralbank.org.bz