Belize creditors organize committee to address payment moratorium request

• Investors holding Belize's sovereign US dollar-denominated 2034 bonds said in a statement late Thursday they formed a creditor committee to address the government's request for a six-month interest payment deferral due to the economic strain of the COVID-19 pandemic.
• Acknowledging the impact of the pandemic on its tourism-led economy, the committee said that it looks forward to discussing the situation and the economic pressures that are constraining its capacity to "service full coupon payments in the near term."
• Belize is asking creditors to forgo the interest payments, with the next being on August 20, until the February 20, 2021 payment due date.

(Source: Latinfinance)