Ecuador bonds recover on reform, IMF hopes
Prices on Ecuador’s government bonds began to recover this week as investors and analysts said that the debt had been over-sold after President Lenin Moreno’s economic growth law was rejected last week.
Ecuador’s bonds had rallied strongly for most of the year as Moreno clinched more than $10bn of funding from multilaterals as part of an IMF programme.The programme and parallel reforms granted the sovereign regained market access to the extent it could raise $1.4bn of long 10 year notes ...
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