January 11, 2017 |
Ecuador looked to capitalize on a strong market window this week, adding $1bn to its 9.65% 2026 bond, which it only printed last month.
Sole bookrunner Citi set initial price talk (IPT) in the low-to-mid 9% area, after the outstanding $750m in 2026s were seen yielding around 8.8% this morning, debt capital markets bankers said.
Anthony Simond, a London-based investor with Aberdeen Asset Management said the IPTs were "not too horrendous," but digressed that it was a "low concession."
As a resu
Oil exporting sovereign taps investors for a further $1bn in securities