Ecuadorean issuers face high funding costs

Ecuadorean issuers face high funding costs

Corporate & Sovereign Strategy Capital Markets Bonds Debt Economy & Policy Fixed Income Asset Management Ecuador

Corporate issuers from Ecuador will likely have to pay high premiums in the cross-border bond market after the airport operator Quiport sold $400m in debt at 12%, LatinFinance has heard. "This is Ecuador. It is always going to be sovereign-plus, and I would struggle to find too many Ecuadorean corporates who could come to market right now," said a debt capital markets banker in New York. "Maybe there is a bank or two, but that's it." The coupon on Quiport's 2030 notes was 125bp above the 10.75

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