Belize’s Blue Bond Transaction Wins Two Awards

Belize’s Blue Bond, which replaced the Super Bond and was flagged from the onset for its novelty has won two awards. The award for innovation was recorded under two categories. The first being Bond Structure Sustainability and the other is the Sovereign Sustainability bond. According to Minister of State in Finance Christopher Coye, the three hundred and sixty-four million U.S. dollar bond could serve as a blueprint for other countries and transactions. The online news agency, Environmental Finance thought that Belize’s Blue Bond had all the markings of a trendsetter.

Christopher Coye

Christopher Coye, Minister of State

“They have a process by which they select and make their judges make a decision on what transaction they find is deserving of the type of award that they are giving. I think in our case it has to do with innovation and sustainability. It’s not an award that’s given to Belize. It’s in connection with a transaction itself and in this case, I believe its Credit Suisse, the underwriter in this new loan transaction that really is the recipient of the award in connection with this Blue Bond transaction. It is something that recognizes the unique nature of the transaction, the innovative nature of the transaction, referenced that the transaction in itself is brilliant in itself in the sense of its size, its scale, its complexity. All of those things contributed to why it was successful as the transaction of the year. I think the Blue Bond transaction is world renown by now – this Belize Blue Bond transaction. I’m not sure how well it is appreciated in Belize, but it is certainly world renown.”