REFILE-Ecuador sets yield of 10.5% on new five-year bond
(Refiles to additional subscribers)
By Davide Scigliuzzo
NEW YORK, March 19 (IFR) - The Republic of Ecuador (B+/B) has set a yield guidance of 10.5% on its planned issue of a five-year bond, according to market sources.
The sovereign is expected to raise a minimum of US$500m through the sale, which is expected to launch and price on Thursday via sole lead manager Citigroup. (Reporting by Davide Scigliuzzo; Editing by Paul Kilby)
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