Bank of America Corp. is establishing itself as a repeat dealmaker in a nascent market that helps emerging economies refinance debt, and use any money saved on conservation.
In its second such transaction since arranging a debt swap for Gabon last year, BofA is now helping Ecuador buy back old debt, which will be done using new bonds that will also help cover the cost of a new loan. The deal, which also marks Ecuador’s second foray into the market, has already buoyed the country’s bonds.
Such transactions, known as debt-for-nature swaps, are gaining in popularity both among emerging markets …
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Publish date : 2024-12-03 07:00:00
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