Address transparency, holdouts before bond return, investors tell Ecuador

Address transparency, holdouts before bond return, investors tell Ecuador

Bonds

The outstanding debt from Ecuador’s 2008 default and a lack of transparency in its accounts could deter investors from buying the country’s bonds, some portfolio managers told LatinFinance after the country courted markets last month. The Andean country has been shut out of the international bond market since President Rafael Correa defaulted on $3.2bn worth of foreign bonds in 2008. Now, the dollarized country is in need of cash and wants to raise $700m through a bond sale. “To h

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