NATURAL CAPITAL SOLUTIONS

IN THE NEWS

May 9, 2024

CDF and OFC team up to drive long-term conservation in Galapagos.

The Galapagos Islands, renowned worldwide for their unparalleled biodiversity and unique ecosystems, face mounting environmental and human-induced threats. In response to these pressing challenges, the Charles Darwin Foundation (“CDF”) and Oceans Finance Company (“OFC”) are delighted to announce a strategic partnership

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May 9, 2024

Financial Close Reached in Largest Debt Conversion for Marine Conservation to Protect the Galápagos.

In partnership with the Government of Ecuador, the U.S. International Development Finance Corporation (DFC), Inter-American Development Bank (IDB), Credit Suisse, Oceans Finance Company (OFC), and the Pew Bertarelli Ocean Legacy today announced the financial close of a $656 million Galápagos marine conservation-linked bond (Galápagos Marine Bond), arranged and structured by Credit Suisse. The Galápagos Marine Bond was used to finance a debt conversion for Ecuador exchanging $1.628 billion of Ecuador’s international bonds for an $656 million loan (the Loan). Credit Suisse acted as offeror for the international bonds.

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