September 25, 2019
Ecuador and Uruguay returned to the bond market on Tuesday, raising $2.75bn combined in dollar-denominated debt, according to press reports.
Ecuador issued $2bn in a two-part deal with $600m in five-year notes and $1.4bn in 10-year notes. The five-year notes priced at 7.5% and the 10-year notes at 9.5%, according to press reports.
"This transaction will allow us to complete the financing program for this year," Finance Minister Richard Martínez said in a tweet on Tuesday morning.
In January, whe
Ecuador gets $2bn in a two-part deal, while Uruguay raises $750m for a bond buyback