July 6, 2020 / 6:39 PM / a month ago

Ecuador says debt deal would cut capital payments, extend maturities

QUITO, July 6 (Reuters) - Ecuador’s finance ministry said on Monday that a deal it reached with bondholders to renegotiate the South American country’s debt would cut outstanding capital payments and extend maturities on the country’s bonds.

In a presentation shown to reporters, the cash-strapped country’s government said the deal with institutional holders of its roughly $17.4 billion in outstanding sovereign bonds would include a 5-year grace period on principal payments and a 2-year grace period on all but $79 million of interest payments.

Reporting by Alexandra Valencia in Quito Writing by Luc Cohen; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below