BlackRock, Ashmore Form Ecuador Creditor Group as Swaps Pay Out
- Ecuador’s bonds are second-best in emerging markets this month
- BlackRock and Ashmore also teaming up in Argentina, Lebanon
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Ashmore Group Plc and BlackRock Inc. are joining together to present a united front for restructuring talks in yet another emerging market.
The money managers, which are already collaborating in Argentina and Lebanon, also plan to work together in negotiations with Ecuador, according to people with direct knowledge of the matter. A team at White & Case LLP, including veteran restructuring specialist Ian Clark, will act as legal advisers, the people said, who requested anonymity because the talks are private.