BELIZE BOND DEBT DEBATE
It's on page 135 of the listing document, section (c).
(a) Belize may redeem the Securities at par together with accrued interest, in whole or in
part, on any interest payment date falling on or after (but not prior to) August 20, 2019 (each, a “Redemption Date”) by giving the Trustee not less than 45 nor more than 60 days prior written notice of such redemption and the principal amount of Securities to be redeemed on such date. The Trustee shall promptly notify the Holders thereof, at the expense of Belize.
(b) All redemptions shall be at 100% of the principal amount of the relevant Securities,
together with accrued interest to the Redemption Date.
(c) Belize may at any time acquire (for cancellation) the Securities in the secondary market by private purchase, exchange or by public tender.
--- On Thu, 2/2/12, Ray Auxillou
- You need to clarify that somewhat. I didn´t go through the whole link, but didn´t see anything to that effect. BARROW has been quoted in the media as saying we are not allowed to pay principal, or buy back. SUPERBOND national debt.
In the meantime, JAGUAR CAPITAL MANAGEMENT was up 2% for January. Shares rose from .73 cents a share to .75 cents a share.
- VERY interesting ... and yes, Belize can buy back its own debt anytime on the secondary market.