November 26, 2018 |
Ecuador could sell $1.75bn in bonds in 2019 or seek at least $1.5bn in financing from the IMF to fill a gap in the 2019 budget, Deputy Finance Minister Santiago Caviedes told investors last week.
"If Ecuador regains market access, we would be willing to issue bonds for $1.75bn. We also intend to roll over $300mn in domestic bonds," Caviedes said during a conference call, according to a summary of his remarks prepared by the US brokerage firm Torino Capital.
"If we do not regain market access,
Country could go back to the bond market for $1.75bn, or turn to the IMF or China to fill a financing gap