Days after announcing a debt restructuring with some of the largest emerging-markets bond funds in the world, Ecuador is holding talks with a separate group of investors about potentially changing the deal, people familiar with the matter said.
The second group is asking for changes to how the country’s different bonds are treated. The group also wants the new debt issued through the transaction linked to the achievement of environmental, social and governance, or ESG, objectives.
The South American nation was struggling financially before Covid-19 struck. It has been negotiating with bondholders since March to swap about $17 billion of existing bonds into a lower amount of new bonds that pay lower interest rates and fall due later.
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