Eight Defaults and 180 Years Later, Ecuador to Repay Bondholders

By Nathan Gill
November 18, 2015 (Bloomberg) — Ecuador is poised to do something it’s never done in its more than 180-year history: repay a bond.

“What’s positive is that Ecuador has a new chance to honor, for the first time, the payment of its bonds,” said Santiago Mosquera, a former Fitch Ratings analyst who is now head of research at Quito-based brokerage Analytica. “But that’s probably not enough to lower rates to what they were in their last bond sale.”

Click here to read the full story on Bloomberg News.

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