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Emerging MarketsEM LatAm

Ecuador asks for coupon holiday

Ecuador, Quito, Palacio de Carondelet, presidential palace, president, Lenin Moreno, LatAm, 575

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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