I had no idea TNC had an Environmental Investment Banking (EIB) unit (my phrase). Congratulations on pioneering such an innovative structure. I've been to Belize's rain forest and also incredible barrier reef, went all the way out to the Blue Hole--very bleached out but the fish were incredible.
On the deal structure, the coupon rate of the new debt doubles to 6% in a couple years. I wonder what impact this tougher debt service will have on Belize's ability to sustain this deal over time. Or if general interest rate decline in the next few years, could another debt conversion be implemented?
Mark,
Good stuff as always. Thanks for sharing !
I had no idea TNC had an Environmental Investment Banking (EIB) unit (my phrase). Congratulations on pioneering such an innovative structure. I've been to Belize's rain forest and also incredible barrier reef, went all the way out to the Blue Hole--very bleached out but the fish were incredible.
On the deal structure, the coupon rate of the new debt doubles to 6% in a couple years. I wonder what impact this tougher debt service will have on Belize's ability to sustain this deal over time. Or if general interest rate decline in the next few years, could another debt conversion be implemented?