Structure delicate for Ecuador as bond comes into view

Structure delicate for Ecuador as bond comes into view

Bonds

Investors are wary about Ecuador’s possible return to the international bond market five years after defaulting on $3.2bn of bonds, saying the timing, price and size will determine whether a possible sale gets traction. The sovereign, which met fixed income investors this month, is thought to be looking for a five-year bond of around $700m with a coupon of about 7%. Several investors polled by LatinFinance recently said they had mixed feelings about Ecuador’s plans. “It’s not a credit that is in

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