Belize said this week it was confident creditors would accept a restructuring of the superbond, which will mean a longer maturity and lower interest payments.

Under the offer, the maturity will be extended by nine years to 2038 and the interest rate will be set initially at 5 percent for 4.5 years, stepping up to 6.767 percent for the remaining term - a reduction from the current 8.5 percent rate.

Copyright Reuters, 2013