Latinnews Daily - 19 January 2018

Ecuador: The economy & finance ministry has announced that it has successfully placed US$3bn in sovereign bonds in international capital markets. This is Ecuador’s first debt issue of the year, and according to a ministerial statement the 10-year bonds were placed at an interest rate of 7.87%, the lowest interest rate offered by such bonds since 2014. The ministry said that this shows that foreign investors remain confident about the country’s economy. It added that the funds raised by the issue will be used to partially fund the government’s 2018 investment plan.

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