The government has announced that the Super Bond has been successfully launched. As of March 8, 2013, holders of eight-six point one-seven percent of the country’s U.S. Dollar Bonds due in 2029 had tendered their bonds in response to Belize’s February fifteenth, 2013 offer to exchange those instruments for new Belize U.S. Dollar Bonds which will mature in 2038. Under the new terms, holders of not less than seventy-five percent of the Bonds have instructed the Trustee for those instruments to tender the entirety of the 2029 Bonds in exchange for 2038 Bonds. The results of the tender process that ended today and the bond exchange should be completed by the end of the month.
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