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NEW YORK, July 25 (IFR) - The Republic of Ecuador announced a five-year US dollar bond sale ahead of pricing later on Monday, according to a source at the lead bank.
The country is approaching investors with initial price thoughts of 11% area on a long five-year maturing in March 2022.
Ratings are expected to be B/B on the 144a/Reg S deal, which is being sole-led by Citigroup. (Reporting by Paul Kilby; Editing by Marc Carnegie)