Ecuador tightens as Fitch goes stable

Ecuador, LatAm, mountain, strong, Tungurahua
By Oliver West
22 Aug 2019

Ecuador’s sovereign bonds traded up on Wednesday as Fitch removed the borrower from negative outlook on the back of lower short-term financing risks.

But the sovereign then issued $1bn of 10.75% January 2029s at par later that month, and then reopened them for $1.125bn at 110.746 in June. The notes had closed at 106.25 on Tuesday, and they rallied to 107.75 by Wednesday, a yield of 9.49%, according to data from ...

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