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LatinNews Regional Monitor: Brazil & Southern Cone - 09 March 2018
In brief: Paraguay
Paraguay: Paraguay’s finance ministry has announced that it has raised US$530m following the successful issue of sovereign bonds in US financial markets. Earlier this month the finance ministry had said that the government led by President Horacio Cartes was seeking to issue bonds for US$500m in international financial markets to take full advantage of the current favourable market conditions and secure financing for this year’s national budget. But in the end the finance ministry said that demand for the 30-year bonds was so high (five times oversubscribed) that it decided to increase the amount by US$30m. According to a finance ministry statement the bonds offered a yield of 5.6%, lower than the 6.1% yield offered the last time that Paraguay issued comparable bonds in international markets in 2014.
