Clifford Chance advised Credit Suisse on the largest ever sovereign debt conversion linked to conservation for the Republic of Ecuador. The transaction involved the issuance of a USD 656 million Galápagos Marine Bond, used to finance a debt conversion for Ecuador whereby USD 1.628 billion of Ecuador's international bonds were exchanged for a USD 656 million loan (insured and guaranteed by DFC and the Inter-American Development Bank).
Clifford Chance
