Ecuador bondholders form creditor committee

Ecuador bondholders form creditor committee

Bonds Asset Management Debt Capital Markets Fixed Income Funds Ecuador Latin America

Investors holding Ecuador's 2024 sovereign bond announced on Monday they have formed an ad hoc committee and hired legal counsel to advocate for their rights in negotiations with the government over suspended interest payments. The COVID-19 pandemic has buffeted Ecuador's finances as it struggles to cope with an overburdened health system, subsequent shut down of society and additional spending meant to battle the scourge. Compounding the crisis was a severe drop in the price of crude oil, the g

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