BELMOPAN, Belize, September 24, 2021 / PRNewswire / – The Government of Belize (the “Government“) announced that as of the date hereof, it has received bidding orders for its offer, as set out in the offer to purchase and the solicitation of consent statement, dated September 13, 2021 (the “Declaration“), equal to approximately 84.38% of the total principal amount of the outstanding Bonds. Capitalized terms used and not defined herein will have the respective meanings indicated in the Declaration.

“The government of Belize is pleased that the vast majority of holders of the government’s only international bond have indicated their support for this proposed transaction, ”said from Belize Prime Minister, John Briceño. “We are trying to achieve, in this single transaction, both significant debt relief and the long-term protection of from Belize precious marine environment. “

Following receipt of these submission orders, the qualified majority consent condition described in the declaration has been satisfied. However, the Offer and the Exit Modifications set out in the Declaration remain subject to satisfaction of the Funding Condition and the General Conditions described in the Declaration. In order to offer Bondholders who have not yet filed an additional opportunity to submit Bid Orders, the Government hereby extends the Offer Expiry Time to October 15, 2021 To 5:00 p.m. New York City time limit (unless further extended by the government in its sole discretion in accordance with the terms of the declaration). Any Eligible Holder who delivers Bonds after the date hereof but before the Expiration Time (as extended) will be eligible to receive the Purchase Price and the Emergency Account Distribution on the Settlement Date, but, Since the deadline for consent is not extended, this The submitting holders will have to not be eligible to receive payment of accrued interest.

As previously announced, if the Deed is amended as proposed in the Declaration, all Bonds which are not validly deposited before the Expiration Time will be redeemed and canceled on the Redemption Date, which will be the Settlement Date. The holders of these Bonds redeemed on the Redemption Date will only be entitled to the Redemption Price (which is equal to the Purchase Price) and to the Distribution of the provident account. Holders of redeemed Bonds will not be entitled to receive accrued and unpaid interest or any additional amount.

In order for a Holder of redeemed Bonds to receive the Redemption Price and the Emergency Account Distribution, the relevant DTC Participant must submit a Redemption Certificate Form attesting, among other things, that this Holder was the beneficial owner of the Bonds. redeemed applicable from the Redemption Date. For the avoidance of doubt, as a result, these redeemed Bonds will become non-transferable as of the Redemption Date. The Exit Amendments are hereby revised to the extent necessary to reflect the foregoing terms applicable to Bonds which are not deposited prior to the Expiration Time. Copies of the revised output changes will be made available upon request of the Information and Submission Officer and will be published on the website of the Central Bank of Belize at https://www.centralbank.org.bz/news.

Citigroup Global Markets Inc. acts as financial advisor and ESG structuring advisor for Belize. In connection with the offer and solicitation of consents, Citigroup Global Markets Inc. is acting as broker-manager and Global Bondholder Services Corporation is acting as information and submission agent in connection with the offer and the solicitation of consents.

Any questions or requests for assistance with respect to the Offer should be directed to the Dealer Manager or the Information and Submission Agent at the applicable address and telephone number set out below. Requests for assistance in completing and delivering the Tender Orders and Tender Holder Attestation Form or requests for additional copies of the Declaration and other related documents should be directed to the Information and Tender Officer at his address and telephone number below:

Information and tender agent

Global Bondholder Services Company
65 Broadway, suite 404
New York, New York 10006
Attention: Corporate actions
E-mail: [email protected]
Banks and Brokers Call: +1 (212) 430-3774
Toll free: (866) 470-3700

Financial advisor and ESG structuring advisor
and
Dealer manager

Citigroup World Markets Inc.
388 Greenwich Street, 7th Floor
New York, New York 10013
Attention: Accountability Management Group
Toll free: (800) 558-3745
Collect: +1 (212) 723-6106

Important Notice

This press release is for informational purposes only and does not constitute an offer of securities for sale in United States or a solicitation of consents from any holder of securities, and none of the Bonds have been or will be registered under the Securities Act of 1933 (the “Securities Act”) or the securities laws of any other jurisdiction. Unless registered under the Securities Act, the Bonds may only be offered in connection with transactions exempt from registration under the Securities Act. This press release does not constitute an offer to sell the Bonds, nor the solicitation of an offer to buy any securities, in any state or other jurisdiction in which any offer, solicitation or sale would be illegal. This press release does not constitute, and may not be used in connection with, an offer or solicitation in any location where the offers or solicitations are not permitted by law.

This press release and any other document and / or material relating to it is not written and the press release and such documents and / or material have not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, this press release is not issued and related documents and / or materials have not been distributed, and should not be transmitted, to persons in the UK (“United Kingdom”) other than (i) persons falling under section 43 (2) of the Financial Services and Markets Act 2000 of 2005 (as amended, the ” ‘), Including existing members and creditors of Belize or (ii) any other person to whom they may lawfully be made in circumstances where section 21 (1) of the Financial Services and Markets Act 2000 (the “FSMA”) does not apply and (all the persons described in (i) and (ii) above being together referred to as “Data subjects”). In the United Kingdom, any investment or investment activity to which this press release or any related document and / or material relates is available only to Relevant Persons and will only be undertaken with Relevant Persons. Any person in the United Kingdom who is not a Relevant Person should not act or rely on this press release or any document and / or related material or any of its or its contents.

NONE OF BELIZE OR ITS ADVISORS OR ANY OF THEIR OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, AGENTS OR RESPECTIVE REPRESENTATIVES HAVE RECOMMENDED THAT THE HOLDERS SHOULD PARTICIPATE IN ANY SOLICITATION FOR CONSENT OR OFFER TO PURCHASE THAT MAY BE ANNOUNCED BELIZE.

Forward-looking statements

This press release contains certain forward-looking statements (as that term is defined in the Securities Act) regarding Belize. These statements are based on the beliefs of certain officials of Belize and others as well as a number of assumptions and estimates which are inherently subject to significant uncertainties, many of which are beyond the control of Belize. Future events may differ materially from those expressed or implied by these forward-looking statements. The words “anticipates”, “believes”, “contemplates”, “estimates”, “expects”, “plans”, “intends”, “projections” and similar expressions, with regard to Belize, are intended to identify forward-looking statements. Such statements reflect the current views of Belize with respect to future events and are subject to certain risks, uncertainties and assumptions. Belize assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, there can be no assurance that the events described or implied in the forward-looking statements contained in this press release will actually occur.

Questions regarding this press release should be directed to Joseph waight to the email address: [email protected].

SOURCE The government of Belize

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