Ecuador asks for coupon holiday
![Ecuador, Quito, Palacio de Carondelet, presidential palace, president, Lenin Moreno, LatAm, 575](https://assets.euromoneydigital.com/dims4/default/83bb637/2147483647/strip/true/crop/575x397+0+0/resize/840x580!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F71%2F85%2Fd8669a3c337a1078bda867dcfa86%2Fadobe-ecuador-quito-575x375.jpeg)
Though Ecuador was already late on debt payments and bondholders were already expecting to be asked to agree to delay coupons, the cash-squeezed sovereign’s bond curve sold off sharply after the government launched a consent solicitation to that end on Thursday afternoon.
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