Paraguay goes long in $1bn deal

Paraguay goes long in $1bn deal

Bonds

Bank of America-Merrill Lynch and JPMorgan sold a 30-year $1bn bond for Paraguay on Monday pricing the paper at par to yield 6.10% in a deal that was described by the country’s deputy economy minister as a “vote of confidence” from the investment community. The bookrunners launched the deal with the idea of issuing a benchmark bond, but the sovereign decided on a size of $1bn, LatinFinance heard, in part because the demand was said to be “very strong”, which allowed bookrunners to tighten the pr

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