US $30,000,000 Fixed Rate Notes

The Government of Belize (GoB) is offering to the public US$30,000,000 in Five-Year Fixed Rate Notes. Application forms are available on the Central Bank’s website: www.centralbank.org.bz. and may be submitted via email to [email protected]. The Central Bank reserves the right to accept or reject all or any application.

Issuer                             Government of Belize

Amount                         US$30,000,000

Denomination             US$50,000 or multiples thereof

Issue Date                     29 June 2020

Settlement Date          26 June 2020

Closing Date                 23 June 2020

Price                                Sold at Par

Currency                        US Dollars

Structure

 

 

Principal Repayment
The principal amount will be repaid in three (3) equal US$ payments on 29 June 2023, 29 June 2024, and on the Maturity Date.

Interest Payment
All interest on the Notes accrues from the date of issue and will be payable in US dollars, semi-annually on the outstanding amount until final maturity.

Successful applicants can elect for their interest payments to be made to either a local or foreign US dollar account.

Payment Instructions

Payment are to be made to Central Bank’s US dollar account. Payment instructions can be obtained by calling the Central Bank of Belize, Investment and Reserve Management Unit at the indicated numbers.

Fiscal/Paying Agent    Central Bank of Belize

Security                           These Notes are backed by the full faith and credit of the GoB.

Tax Status                       Interest earnings on the notes are tax exempt.

Use of Proceeds            Financing of GoB Covid-19 related emergency expenditures and Balance of Payment support.

Transferability            Successful applicants will have the option to transfer ownership.

Additional Information

Central Bank of Belize, Telephone (501)223-6194 Exts. 243/490 www.centralbank.org.bz