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Ecuador’s debt restructuring appeared to be a “done deal” after the country’s bond negotiating team met with a group of about 50 bondholders and Wall Street analysts in New York, an investor at the meeting said. Ecuadorean officials began a weeklong debt restructuring roadshow aimed at convincing bondholders that reducing the Andean country’s debt burden would help rebuild its recession-hit economy. Last week, Ecuador proposed reducing its debt burden 40% under a proposal to exchange $6.65 billion of defaulted debt for $3.95 billion in new sovereign bonds.

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