COVID-19 Treasury Notes

COVID-19 treasury notes are interest-earning securities issued and guaranteed by the Government of Belize. COVID-19 Treasury notes have maturities ranging from five to 20 years.

Government of Belize Treasury Notes Offering
Press Release

The Government of Belize (GOB) is offering to the public $75,000,000 in Five, Ten and Twenty-Year Treasury Notes. Application forms are available on the Central Bank’s website: www.centralbank.org.bz and may be submitted via email to InvestmentsWeb@centralbank.org.bz. Central Bank reserves the right to accept or reject all or any application.

Amount

BZ$75,000,000 in Five, Ten and Twenty Year Notes

Denomination

BZ$1,000 or multiple thereof

Issue Date

3 April 2020

Settlement Date

By 8 April 2020 at 1:00 p.m.

Price

Sold at Par

Currency Payment

Will be accepted in Belize and United States Dollars

Structure

Tenor	Amount	Coupon Rate	Maturity Date
5 Years	$25,000,000	4.50%	3 April 2025
10 Years	$25,000,000	5.25%	3 April 2030
20 Years	$25,000,000	5.75%	3 April 2040

Fiscal/Paying Agent

Central Bank of Belize

Issuer

Government of Belize

Payment of Interest

All interest on the bonds accrues from the date of issue and will be payable semi-annually until maturity in Belize Dollars.

Payment of Principal

The principal amount will be repaid at face value on maturity in the respective currency in which payment was originally made: Belize Dollars or US Dollars.

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

COVID-19 Emergency Response Fund

Closing Date

3 April 2020 by 4:00 p.m.

Payment Instruction

Payment should be made through your Commercial Bank via APSSS to the Central Bank of Belize account no. GL1CORP0402627.

Additional Information

Investment & Reserve Management Unit
Central Bank of Belize
Telephone (501) 223-6194 Ext. 243, 490, 489
www.centralbank.org.bz

Application Form

Treasury Note Application Form

Financial System

COVID-19 Treasury Notes

COVID-19 treasury notes are interest-earning securities issued and guaranteed by the Government of Belize. COVID-19 Treasury notes have maturities ranging from five to 20 years.