Ecuador completes 2017 cross-border hattrick

Ecuador completes 2017 cross-border hattrick

Ecuador Bonds

Ecuador sealed its third cross-border trade for 2017, raising $2.5bn in 2027s on the tight side of guidance.Credit Suisse, Deutsche Bank and JPMorgan started price talk at 9.25%, encouraging investors into a book that peaked at $8bn, DCM sources said.Leads rightly tightened to the 9% area, before pricing the transaction at par to yield 8.875%.The oil exporter's existing 9.625% 2027 notes were spotted at 8.45% in Wednesday's secondary trading, before IPTs were unveiled. Leads cast the net wide wi

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