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Bolivia Locks in Funds

Aug 16, 2013

Bolivia weathered a widening of US Treasury yields Thursday to raise $500m in the bond market, getting $1bn in demand. The issuer printed at a level matching 6.25% initial price thoughts and the deal illustrates how the borrowing environment has changed since Bolivia printed a 10-year bond below 5.0% last year. Still, the sovereign secured funds...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management