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Emerging MarketsEM LatAm

Ecuador follows Pemex in jumping on oil rally

Enner Valencia Ecuador Copa America 2016 PA 230x150

Ecuador, the highest yielding single B sovereign in the world, issued $750m of 10 year bonds on Thursday, becoming the second Latin American credit in a week to take advantage of the recent rally in oil, following Mexican state-owned oil giant Pemex’s $5.5bn bond.

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