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Ecuador Political News

Ecuador negotiates to pay debt until 2040 with lower interest- Ecuador Times

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On Monday, July 6, 2020, the Government took another step in the process of renegotiating the debt in bonds, which amounts to USD 17.375 million by announcing the details of the proposal presented to investors

The plan contemplates issuing three new bonds that will mature in 2030, 2035 and 2040.

These papers will replace the 10 types of bonds that Ecuador has today and whose maturities begin in 2022 and end in 2030.

If the proposal is carried out , the debt will be paid with a lower interest than the current one.

To read the full article on Ecuador Times, click here.

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