BELIZE SUPERBOND SPECULATION?
The National Election is over and the Belize Superbond will be re-negotiated this year, 2012. Speculation has it, that in the rumor mill locally in Belize.
1)The government will have it´s negotiators ask for a reduction of interest rate to 1% over Federal Reserve ( usa ) bank to bank lending rate.
2)That the payment back period will be extended another 15 years.
3) That the clause that prohibits paying off PRINCIPAL be deleted.
4) That the prohibition against being able to buy back the bonds at any time also be deleted from the contractual agreement currently.
This is just the scuttlebutt, being floated around now that PM Dean Barrow/Finance Minister, has given a rough outline of his intentions.
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