Ecuador launches US$1bn long five-year bond at 10.75%
By Paul Kilby
NEW YORK, July 25 (IFR) - Republic of Ecuador launched a US$1bn long five-year bond after generating a US$2bn book, investor sources told IFR on Monday.
The final yield comes flat to guidance of 10.75% (+/- 1/8bp), but inside initial price talk of 11% area.
Ratings are expected to be B/B on the 144a/Reg S bond, which matures in March 2022. (Reporting By Paul Kilby; editing by Shankar Ramakrishnan)
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