March 24, 2020 / 12:00 AM / in 6 days

Ecuador to delay bond interest payment to fund coronavirus effort -finmin

QUITO, March 23 (Reuters) - Ecuador will use a grace period on some of its bonds to delay making around $200 million in interest payments due this week, and will devote those funds toward containing the coronavirus outbreak, Finance Minister Richard Martinez said on Monday

The cash-strapped Andean nation will nonetheless make a $325 million principal payment on its 2020 bond due on Tuesday, Martinez told reporters. (Reporting by Alexandra Valencia Writing by Luc Cohen; Editing by Sandra Maler)

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