Posted On: 11/29/2012 7:45:54 PM
Post# of 39368
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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
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