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MercoPress, en Español

Montevideo, November 22nd 2024 - 05:48 UTC

Tag: international market

  • Wednesday, January 30th 2019 - 09:33 UTC

    Ecuador issues 10-year sovereign bonds at 10.75% yield

    Ecuador faces liquidity problems due to a bulky fiscal deficit and hefty external debt produced during the government of former President Rafael Correa

    Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.