Sovereign debt: Next in line?

Sovereign debt: Next in line?

Ecuador Bonds Economy & Policy

By Ben Miller and Mariana Santibáñez The much talked about search for yield has sent Latin American borrowing in unprecedented directions, pushing investors into sovereign credits that would have been unthinkable even two years ago. They are not even finding much yield in these places. Bolivia paid 4.875% to borrow 10-year money in October and Paraguay debuted in January paying 4.625% for the same tenor. Such precedents have prompted the question: which sovereign might be next from a group for whom external debt issuance would have seemed improbable not so long ago? The lower-rated Central American and Caribbean issuers enjoy decent access. Guatemala achieved a 5% yield on a 15-year

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial