June 11, 2019 |
Ecuador has added $1.13bn to its 2029 notes, lowering its funding costs on the retap and raising money to buy back its 10.5% 2020 bonds, LatinFinance has heard.
The bookrunners Citi, Deutsche Bank and JPMorgan placed the additional 2029s at 9.05%, down from the 10.75% that Ecuador paid when it first issued $1bn in 10-year notes in January.
In the buyback, the Ecuadorean government said it has offered to pay $1,060 for every $1,000 in 2020 bonds through June 17. The government sold $750m in fiv
Sovereign issuer adds $1.1bn to its 2029 notes and raises money to buy back its 2020s