Movistar Ecuador Plans Securitization

Movistar Ecuador Plans Securitization

Andean

Telefonica’s Movistar Ecuador unit is planning to raise funds by securitizing $40m pre-paid phone card receivables. It is preparing to sell $10m in 7.75% 2011 notes, $10m in 8% 2012s and $20m in 8.5% 2013s, all to be issued in the domestic market

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