Ecuador Selects Bank of America for Sovereign Debt Conversion to Support Conservation in the Ecuadorian Amazon
December 18, 2024
December 18, 2024
CHARLOTTE, North Carolina, Dec. 18 -- Bank of America, a financial institution, issued the following news release on Dec. 17, 2024:
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* The $1 billion sovereign debt conversion is one of the largest transactions of its kind completed to-date.
* The transaction is expected to unlock $400 million in new cash funding plus an estimated $60 million in endowment returns to facilitate the Republic of Ecuador's Amazon Biocorridor Program over the life of the fi . . .
* * *
* The $1 billion sovereign debt conversion is one of the largest transactions of its kind completed to-date.
* The transaction is expected to unlock $400 million in new cash funding plus an estimated $60 million in endowment returns to facilitate the Republic of Ecuador's Amazon Biocorridor Program over the life of the fi . . .