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Ecuador May See Bondholder Suit: Barclays

Nov 19, 2008

With most of the likely restructuring scenarios for Ecuador’s $4bn in global bonds yielding $20-$30, it appears some bondholders may be considering resorting to legal action, Barclays says in a report....

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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