Ecuador Misses Coupon, Calls on Bondholders

Feb 17, 2009

Ecuador says it will use a 30-day grace period to decide whether or not to pay $135m in coupon payments to service its 10% of 2030 globals. The payment was due Sunday, and the government announced its decision to...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management