Ecuador tightens as Fitch goes stable
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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