June 13, 2018 |
Ecuador is circling banks and investors in New York this week and is understood to seek up to another $1bn from the capital markets this year, according to three sources that spoke to LatinFinance.
The oil exporting sovereign issuer was also rumored to be in Washington DC earlier in the week for talks with multilateral agencies such as the IDB and World Bank. Sources said Ecuador sought a further $1bn from the development banks.
Single B-rated Ecuador's Ministry of Finance has had two leaders
Oil exporter searches for another $1bn in bonds and targets multilaterals for further funding, sources