Ecuador bondholders release details of updated restructuring offer

Ecuador bondholders release details of updated restructuring offer

Bonds Asset Management Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Ecuador Latin America

Two creditor groups holding Ecuador's sovereign debt released details of an updated restructuring proposal on Monday which they way will offer, in aggregate, more than $15 billion worth of cash flow relief through 2030, while lowering the weighted average coupon rate. The new proposal, which applies to $17.4 billion in defaulted debt, follows a statement on Friday in which these bondholders said the government's latest offer, which had been acceptable to two another group of creditors, was not g

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