IN THE NEWS

Impact project/investment of the year - oceans and coastal zones; Impact initiative of the year, global: Debt conversion for marine conservation in the Galapagos Islands

In May, the Republic of Ecuador completed the world’s largest debt conversion for nature. Credit Suisse, as sole structurer and arranger underwrote and placed the 18.5-year $656 million bond to provide funding for the protection of the Galápagos Islands and its marine ecosystem.