Bond buyers bet on Lenin as Ecuador returns for more

Ecuador, directions, latAm
By Oliver West
19 Oct 2017

The Republic of Ecuador raised $2.5bn of 10 year notes on Wednesday to take its total borrowing for the year to $5.5bn as — for the first time in seven deals — the sovereign mandated an institution beyond Citi to manage the issuance.

With president Lenín Moreno having moved away from the policies of Rafael Correa, the former president who backed him in April’s elections, Ecuador was able to raise 10 year debt at the tightest level since before its 2008 default — though there was some debate as to how ...

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