Ecuador returns to the bond market again, fourth time in less than a year

Posted on January 11, 2017 • Filed under: Economy, Ecuador

By Paul Kilby/IFR

The Republic of Ecuador took center stage in Latin America’s primary market on Tuesday, returning with its fourth bond deal in less than a year. Ecuador raised US$1bn through a tap of its 9.65% 2026 at a yield of 9.125%. Hit by the oil rout that began in 2014, Ecuador has leaned heavily on the international capital markets to help it cover fiscal shortfalls. Read Full Article

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