Asset Management Bonds Debt
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
Debt Bonds Capital Markets
IMF says Ecuador will seek help through Rapid Financing Instrument
Project & Infrastructure Finance Wind Renewable
Chinese wind turbine manufacturer looks to use the Renaico II project in Chile as a springboard for regional expansion
Loans Project & Infrastructure Finance Economy & Policy
South American development bank also receives $160 mln from France's AFD to fight global warming