Ecuador Leans on Locals

Ecuador Leans on Locals


Ecuador is planning to raise at least $1.5bn in the local market this year, finance minister Maria Elsa Viteri tells LatinFinance. “At a minimum, we’ll get $1.5bn,” says the minister. “If the market wants more, there will be more,” she adds. Issuance will mostly be in the form of bonds with tenors of 5-10 years, where the government detects strong demand, but also at the short end. A Quito-based banker says the government could place $200m-$300m tranches of 5-7 years, mainly with the social secu

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