Goldman Sachs Group Inc. and Bank of America Corp. are laying the groundwork for a swap that will help Ecuador manage its debt financing costs in exchange for a pledge to protect part of the Amazon rainforest, according to people familiar with the matter.
The two investment banks are preparing a deal ahead of formally engaging with potential investors for the transaction, said the people who asked not to be identified discussing private talks. The Nature Conservancy, a non-governmental organization, will be an adviser on the deal, they said.
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Publish date : 2024-09-05 22:44:00
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