Last week, we told you about the launch of the Municipal Development Bond by the Belize City council.
Well, tonight the mayor confirms that it's selling quite briskly!
He told us via text message that 8.5 million dollars of the bond offering has been sold - that's all of tranche one. This includes bonds that mature in two years for a yield of 3.5%, 5 years for a yield of 5.5% and 8% in 10 years.
The 20 million dollars bond offering is opening for 28 days, so - if the mayor's figures are right - to have sold almost half in just two working days is considered a major "wow!"
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