Home / Daily Briefs / 2019 / 25 / Ecuador, Uruguay issue new notes

Ecuador, Uruguay issue new notes

Ecuador, Uruguay issue new notes

September 25, 2019
Ecuador gets $2bn in a two-part deal, while Uruguay raises $750m for a bond buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Ecuador Uruguay United States

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

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