Belize has gotten consent from its bondholders who've agreed to a soft default on the Superbond coupon payment which happened last month.
A release from the bondholders committee says "The Committee has now reached agreement" with Belize's advisors on "alternative proposals under a non-disclosure agreement."
The release says, "Accordingly, the Committee members intend to agree to Belize's pending consent solicitation that would defer the grace period with respect to the coupon payment that was due on May 20, 2021."
It continues, quote,
"The Committee encourages all bondholders to carefully consider the terms of the consent solicitation in making their own independent appraisal of the merits and risks of participating in the consent solicitation." End quote.
Belize has asked that the payment be pushed back to September.
