Weekly Report - 29 September 2016 (WR-16-38)

ECUADOR | Bond issue. On 27 September Ecuador’s finance ministry announced that it had successfully placed US$1bn in sovereign bonds in the international capital markets. A ministerial statement said that the bonds had been issued to raise funds to finance the annual investment plan of this year’s national budget. The bonds, which offered a return of 10.75% and mature in March 2022, were traded in the US and attracted 119 investors from North America, Europe, Asia, the Middle East and South America.

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