Belize Superbond Update

The GOB has basically two counter offers. Either a 33% haircut on the principle instead of the original request for 45% or a no haircut deal with lower interest payments over the next 40 years.

This is proving to be a drawn out negotiation process as the world is watching how the bankers handle the world's worst rated debtor nation.

http://www.reuters.com/article/2012/11/29/bel...FZ20121129