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Ecuador completes $1.5 billion debt swap for Amazon conservation Ecuador completes $460 million debt-for-nature swap Amazon Biocorridor Program to manage 4.6 million hectares Deal reduces Ecuador's debt by $527 million, saving $800 million by 2035 By Virginia Furness LONDON, Dec 17 (Reuters) - Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest, NGO The Nature Conservancy said on Tuesday....
BRIEF-Bank Of America Says Republic Of Ecuador Selects Bank Of America For Sovereign Debt Conversion To Support Conservation In The Ecuadorian Amazon Dec 17 (Reuters) - Bank of America Corp BAC.N : BANK OF AMERICA- REPUBLIC OF ECUADOR SELECTS BANK OF AMERICA FOR SOVEREIGN DEBT CONVERSION TO SUPPORT CONSERVATION IN THE ECUADORIAN AMAZON Source: http...
UPDATE 1-Ecuador launches $1 bln bond to fund Amazon conservation buyback Adds details, background Dec 10 (Reuters) - Ecuador has launched a $1 billion bond to fund a debt buyback aimed at freeing up financing for conservation projects in the Amazon rainforest, IFR reported on Tuesday. The so-called debt-for-nature swap is Ecuador's second one after it completed a record-breaking $1.6 billion debt swap for the Galapagos Islands last year....
Ecuador's $1 billion bond buyback to fund Amazon conservation Dec 10 (Reuters) - Ecuador will spend $1 billion on a bond buyback as part of a deal to free up funds for conservation projects in the Amazon rainforest, IFR - an LSEG financial service - reported on Tuesday. The buyback marks an important step in Ecuador's new deal to generate cash for conservation by buying back more expensive debt at a discount, and financing this with new, lower cost funding....
Ecuador sets second debt-for-nature swap in motion By Virginia Furness, Julia Symmes Cobb, Alexandra Valencia Dec 3 (Reuters) - Ecuador has started work on a deal to swap more of its existing debt and free up money for conservation efforts in the Amazon rainforest, a stock exchange filing on Tuesday showed. In it, Amazon Conservation DAC, a special purpose vehicle, offered to buy back four Republic of Ecuador bonds from debt holders, an early step in a so-called debt-for-nature swap that allows...