Ecuador seizes the jump in oil, prices 2028 bond

Ecuador seizes the jump in oil, prices 2028 bond

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Ecuador

Ecuador has raised $3bn in 2028 paper, taking advantage of a rise in oil prices and positive bond market conditions, DCM sources said. Credit Suisse, Deutsche Bank and JPMorgan started price talk in the low 8% area and maintained the same level at guidance. With orderbooks in excess of $9bn, leads launched, and later priced the transaction at par to yield 7.875%. “It is a bigger deal than most people thought, hence [Ecuador] had to leave a bit more on the table," said Edwin Gutierrez, head of em

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