Copying and distributing are prohibited without permission of the publisher.

Watermark

Ecuador comeback smashes expectations

By Steven Gilmore
19 Jun 2014

Ecuador proved investors are willing to forgive, forget and reinvest on Tuesday. The sovereign sold a $2bn 10 year deal — double some bond buyers’ expectations — in its first international transaction since a $3.2bn default in 2008. The final yield was wider than some analysts’ predictions, but was still tight enough to cause consternation that demand is getting out of hand.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Steven Gilmore
19 Jun 2014