GOB Updates on the 2034 Bonds

13 Sep 2021

(13/9/2021) The Government of Belize announced today that it has commenced an offer to purchase for cash any and all of its U.S. Dollar Bonds due 2034 and a solicitation of consents from holders of the Bonds that will enable Belize to redeem for cash any Bonds not tendered pursuant to the offer.

(13/9/2021) Government of Belize issues memorandum to Trustee of the US Dollar 2034 Bond, Bank of New York Mellon, regarding Trust Indenture dated 20 March 2013, as amended on 21 March 2017, 18 August 2020, and 16 June 2021. 

(3/9/2021) The committee of holders of Belize’s U.S. Dollar  Bonds  due  2034  has  agreed in principle with  the  Government  of  Belize  on key indicative commercial terms of a forthcoming cash tender offer and consent solicitation through which Belize will seek to purchase all of the outstanding Bonds.

(3/9/2021) The Government of Belize has reached an agreement in principle with a committee of institutional investors comprising Aberdeen Standard Investments, Grantham, Mayo, Van Otterloo & Co. LLC and Greylock Capital Management, LLC. 

(6/8/2021) The Government of Belize published a notice on the determined issue price of the US Dollar Bonds due 2034 pursuant to the US Treasury Regulation Section 1.1273-2(f)(9).

(16/6/2021) The Government of Belize announces the execution of the third supplemental indenture, modifying the indenture dated 20 March 2013 between Belize and The Bank of New York Mellon.

(14/6/2021) The Government of Belize announces the expiration and results of its solicitation of consent from eligible holders of Belize’s U.S. Dollar Bonds due 2034.

(1/6/2021) The Government of Belize announced today that it is releasing a supplement to the consent solicitation statement, dated May 19, 2021, amending and supplementing the Consent Solicitation Statement.

(19/5/2021)The Government of Belize announced today that it is seeking the consent (the “Consent Solicitation”) of eligible beneficial owners (the “Holders”) of Belize’s U.S. Dollar Bonds due 2034 (the “Bonds”) to extend the grace period applicable to the May 20, 2021 coupon to September 19, 2021.

(10/5/2021) Press Release- The Government of Belize today announced its intention to consult with holders of the country's US Dollar Bonds due 2034 (the “Bonds”) regarding potential alternatives to punctual payment of the next coupon payment on the Bonds, which falls due on May 20, 2021.

(4/5/2021) Press Release-  The Government of Belize provides an update on negotiations concerning the 2034 Bond following discussions with the two largest holders of the US Dollar Bond due 2034. The aim was to discuss an orderly and consensual restructuring of the Bonds in light of the fiscal crisis currently facing Belize.

(27/4/2021) Press Release- The Government of Belize announces that on Friday 30 April, 2021 at 11:00 a.m. EST, it will host a quarterly investor conference call for the eligible holders of 2034 Bonds and their respective representatives.  The Ministry of Finance will provide information on certain economic and financial developments relevant to Belize’s debt stock and debt servicing.  Mandatory registration is required via this link to the Press Release.

(22/1/2021) Press Release - The Government of Belize announces quarterly conference call for holders of the 2034 Bonds. 

(18/8/2020) Press Release-The Government of Belize announces the execution of the second supplemental indenture following the consent solicitation that expired on 10 August 2020.

(10/8/2020) Press Release-The Government of Belize announces the expiration and results of its solicitation of consent from eligible holders of Belize's U.S. Dollar Bonds due 2034.

(17/7/2020) Press Release-The Government of Belize addresses holders of the 2034 Bond, scheduled for August 20, 2020, November 20 2020 and February 20, 2021. 

13 September 2021: Government of Belize Press Release
13 September 2021: Government of Belize Memo
3 September 2021: Bondholder Committee Press Release
3 September 2021: Government of Belize Press Release
6 August 2021: GOB Publishes Issue Price of US Dollar 2034 Bonds
16 June 2021: Belize Announces Execution of Third Supplemental Indenture
14 June 2021: Belize Announces Results of Successful Consent Solicitation
1 June 2021: Belize Extends Expiration Time of Consent Solicitation
19 May 2021: Belize Announces Commencement of Consent Solicitation Regarding 2034 US Dollar Bonds
10 May 2021: Belize to Consult with Bondholders Regarding Coupon Payment
4 May 2021: Belize Provides Update on Negotiations Concerning 2034 Bond
27 April 2021: Belize Announces Quarterly Conference Call for Holders of 2034 Bonds
22 January 2021: Belize Announces Quarterly Conference Call for 2034 Bondholders
18 August 2020: Belize Announces Execution of Second Supplemental Indenture
10 August 2020: Belize Announces Results of Successful Consent Solicitation
17 July 2020: GOB Announces Commencement of Consent Solicitation