Belize Electricity Limited (BEL) has opened its $25 million Series 5 Debenture Offer, which will earn a highly competitive interest rate of 7 per cent for twelve years, through to 2024.
The cost of each debenture is $100 and subscriptions must be for a minimum of one debenture.
With the proceeds from this debenture offer, the Company will in whole or in part refinance its $16.9 million Series 1 Debentures currently bearing interest at 12 per cent and maturing on December 31, 2012 as well as help fund the Company’s medium term needs.
The Series 5 Debenture Offer will close on December 17, 2012. A copy of the prospectus is available on the Company’s website at www.bel.com.bz and hard copies will be made available at the Company’s Corporate Headquarters and Collection Agents within the next week.
Interested persons may contact the Company at 227-0954 or email [email protected].
