Ecuador Will Not Honor 2030 Bonds

Ecuador Will Not Honor 2030 Bonds

Andean

Ecuador will not make $135m in coupon payments on its global 2030 bonds when a 30-day grace period ends March 15, its finance minister says. “Ecuador has decided not to make the payment at the end of the grace period because it is finishing, with its legal and financial advisors, the proposal for a global solution for the 2012 and 2030 bonds,” minister Elsa Viteri says in a statement. A proposal to repurchase the 2012s and 2030s is expected before the end of the month, according to wire and loca

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