• Reports that Goldman Sachs and BofA are working on a possible debt swap for Ecuador have supported the latter’s bonds today, with notes due 2030 and 2035 up ~1.7 cents. The transaction would take the form of a debt-for-nature swap, whereby the government would combine debt reduction with a commitment to nature conservation.
  • According to Bloomberg, people familiar with the matter have said that the swap would involve a pledge to protect part of the Amazon rainforest, with the Nature Conservancy acting as an adviser on the deal.
  • Finance Minister Juan Carlos Vega said in a statement that the government is always working on green growth issues and aligning conservation with environmentally friendly growth and job creation. The government completed a debt-for-nature swap last year, which included a pledge to protect habitats in the Galapagos Islands.

LATAM: Reports Of Possible Ecuador Debt-For-Nature-Swap Supports Dollar-Bonds

Last updated at:Sep-06 14:44By: Keith Gyles
  • Reports that Goldman Sachs and BofA are working on a possible debt swap for Ecuador have supported the latter’s bonds today, with notes due 2030 and 2035 up ~1.7 cents. The transaction would take the form of a debt-for-nature swap, whereby the government would combine debt reduction with a commitment to nature conservation.
  • According to Bloomberg, people familiar with the matter have said that the swap would involve a pledge to protect part of the Amazon rainforest, with the Nature Conservancy acting as an adviser on the deal.
  • Finance Minister Juan Carlos Vega said in a statement that the government is always working on green growth issues and aligning conservation with environmentally friendly growth and job creation. The government completed a debt-for-nature swap last year, which included a pledge to protect habitats in the Galapagos Islands.

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