January 20, 2016 |
Bolivia is closing a request for proposals (RFP) this week, according to four bankers familiar with the process.
The sovereign issuer, rated Ba3 by Moody's and BB by S&P, last tapped international investors in August 2013, when it sold a Ba3/BB-/BB- $500m 2023 bond through Bank of America-Merrill Lynch (BAML) and HSBC. The 5.95% 2023 bond was trading to yield around 4.9% in the secondary market, a trader said.
Finance Minister Luis Alberto Arce was quoted last year by state-run news a
A stronger dollar, higher US interest rates and low oil prices could make a new issuance more difficult