Bolivia trades up as investors bet on technical bid
Expectations that a bond that already looked expensive will be become even more so helped Bolivia’s new 10 year trade well on the break after coming close to comps on Monday.
Ba3/BB/BB- rated Bolivia held investor calls on March 10 before announcing initial price thoughts of 237.5bp over US Treasuries for a 10 year average life amortising bond due 2028.Leads Bank of America Merrill Lynch and JP Morgan received more than $3bn of orders, allowing them ...
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