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NEW YORK, May 14 (IFR) - The Republic of Ecuador has set initial price thoughts of high 8% on a tap of the 10.50% 2020 bond, according to investors.
Pricing is expected on Thursday through sole bookrunner Citigroup. Issue ratings on the 144A/RegS offering are B+/B by S&P and Fitch. (Reporting by Paul Kilby; Editing by Natalie Harrison)