Ecuador Buyback Could See Diverging Prices: Minister

Ecuador Buyback Could See Diverging Prices: Minister

Andean

Ecuador’s bond repurchase offer could result in different clearing prices for the 2012 and 2030 maturities, says finance minister Maria Elsa Viteri. Final clearing prices will be confirmed on or around May 26, the minister says, with the 2012’s minimum clearing level adjusted by a “pool factor” resulting from partial redemption of the 2012s in 2006. Such an adjustment is not applicable to the 2030, which could result in a slightly different price. Ecuador is offering to buy back the 2 series of

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