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Ecuador's Original English Language Newspaper

Credit Suisse to purchase $800 million of Ecuador external debt, country risk falls in response

Published on May 01, 2023
Credit Suisse has made an offer to purchase a portion of Ecuador's external debt bonds through a reverse auction. The offer is for $800 million, which is equivalent to almost 2.8% of GDP. The Finance Ministry has stated that it is not involved in the offer.

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