Bolivians go for Euros

Bolivians go for Euros

Andean

Bolivia's Banco Bisa has started offering short term euro-denominated debt on the local market as investors look to diversify out of weakening dollars and inflation-eroded bolivianos. It sold last week a EUR7.5m 181-day note through Bisa Bolsa on the Bolsa Boliviana de Valores at 3.50%, in what the bank says is the first deal of its kind for LatAm. Bisa is supported by Commerzbank and Deutsche Bank in its push to offer more euro product. "The market is starting to ask for euros," says Pablo Irus

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