Government of Belize US$30mn Fixed Rate Notes

04 Jun 2020

US $30,000,000 Fixed Rate Notes


The Government of Belize (GOB) is offering to the public $30,000,000 in Five-Year Fixed Rate Notes.  Application forms are available on the Central Bank’s website: www.centralbank.org.bz and may be submitted via email to InvestmentsWeb@centralbank.org.bz.  The Central Bank reserves the right to accept or reject all or any application.
 
Issuer Government of Belize
   

Amount

US$30,000,000

Denomination

 US$50,000 or multiples thereof

Issue Date  29 June 2020

Settlement Date
 
26 June 2020

Closing Date
 
23 June 2020
   

Price

Sold at Par

Currency United States Dollars

Structure

Tenor Amount Coupon Rate Maturity Date
5 Years $30,000,000 6.50% 29 June 2025

 

Principal Repayment The principal amount will be repaid in three (3) equal US$ payments on 29 June 2023, 29 June 2024, and on the Maturity Date.

Interest Payment

All interest on the Notes accrues from the date of issue and will be payable in US dollars, semi-annually on the outstanding amount until final maturity.
Successful applicants can elect for their interest payments to be made to either a local or foreign US dollar account.

Payment Instructions

Payment are to be made to Central Bank’s US dollar account.  Payment instructions can be obtained by calling the Central Bank of Belize, Investment and Reserve Management Unit at the indicated numbers. 

Fiscal/Paying Agent
 
Central Bank of Belize

Security

These notes are backed by the full faith and credit of the GoB.

Tax Status

Interest earnings on the notes are tax exempt.

Use of Proceeds

Financing of GoB Covid-19 related emergency expenditures and Balance of Payment support

Transferability

 Successful applicants will have the option to transfer ownership.

Additional Information

Investment & Reserve Management Unit
Central Bank of Belize
Telephone (501) 223-6194 Ext. 243 / 490
www.centralbank.org.bz

Application Form

Fixed Rate Notes Application Form