KINGSTON, Jamaica – A group representing Belize bondholders said all of its members have agreed to a debt exchange offer that will give the Government nine more years to pay off some of its debt. The Coordinating Committee of Belize Bondholders announced this week that all of its members have agreed to exchange their US dollar-denominated bonds due 2029 for new ones due in 2038. Its unanimous decision to participate in the exchange offer comes after extensive negotiations between the committee and its advisers and the Government of Belize (GOB) and its advisers, said the group in a statement. “The Committee appreciates the GOB's willingness to negotiate in good faith and to adhere to what was in the end a fair and transparent process,” said AJ Mediratta, co-president of Greylock Capital Management, LLC and co-chair of the committee.
