Loans Economy & Policy Corporate & Sovereign Strategy
Moreno government brings in $1.5 bln from international financial institutions in one week
Asset Management Bonds Debt
Bondholders overwhelmingly agree to let the Ecuadorian state-owned oil company extend its 2020 bonds by a year
Debt Capital Markets Corporate & Sovereign Strategy
Ecuador to get $643 million for COVID-19 mitigation
Loans Funds Economy & Policy
Fund also approves $650 mln in emergency funding for the Dominican Republic and adds $90 mln to an existing facility for Barbados
Ecuadorian state-run oil company wants to defer interest payments and delay the due date on its 2020 bonds
Debt Corporate & Sovereign Strategy Bonds
Rating agency cites agreement on consent solicitations to defer upcoming bond payments as reason for downgrade
Bonds Debt Asset Management
Bilateral discussions with creditors for a medium-term solution begin
Bonds Debt Capital Markets
Cross-default provisions on two series of bonds remain in place
Economy & Policy Corporate & Sovereign Strategy Debt
Extended lockdowns will lead to a 4.5% drop region-wide in 2020, larger than the last global financial crisis
Financing gap expands to $3.4 bln as the country reels from the coronavirus outbreak and the fall in oil prices, finance minister says
President Moreno announces humanitarian assistance fund
Investors do not like the precedent, prefer a more complete proposal
Trade association adds that sellers are entitled to all unpaid interest during grace period
Rating agency says default "appears inevitable" within six months
Ecuador is nearing default of some kind after asking to renegotiate commercial debt, rating agency says