Investors Organize as Ecuador Talks Begin

Investors holding several of Ecuador's sovereign bonds said Thursday that they had formed a committee to conduct talks with the government over a debt restructuring plan as the nation grapples with the COVID-19 pandemic, LatinFinance reported. "The committee is representative of Ecuador's bondholder base and includes holdings across each series of the bonds," the institutional bondholders said in a statement. The committee added that it has hired BroadSpan Capital and UBS as financial advisers in the negotiations. The primary objective is to facilitate "constructive dialog" and ensure that "the interests of all holders of Ecuador's international bonds are considered and protected in any re-profiling effort," the committee said, adding that bondholders are "sensitive to the challenges Ecuador is facing.” Read more