March 1, 2018 |
Ecuador is edging closer to a euro-denominated bond sale to diversify its external funding sources, market makers have said.
Investors appear more bullish on Ecuador's chances in the capital markets after electing a new President last year. Already, it has printed $3bn in 2028 cross-border securities this year, rounding out half of its external requirements.
"They already got $3bn last month," one bond buyer said. "I think they could slip in a small euro deal."
Given Ecuador's dollarized economy
Investors question whether the dollarized economy needs to tap European bond buyers, sources