Ecuador Makes Bond Payment

Ecuador Makes Bond Payment

Andean

After much speculation and some confusion, Ecuador met the deadline on Thursday for the payment of the $135 million coupon on its 2030 global bond. A statement on the ministry of finance website said that the payment had been made after all other domestic obligations had been met for the month of February. Just a few days ago, deputy finance minister Fausto Ortiz announced that the payment would be delayed until some time during the 30-day grace period due to a cash crunch. The ministry of finan

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