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LatinNews Daily - 29 January 2019

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In brief: Ecuador

* Ecuador’s finance minister Richard Martínez has announced the issuance of US$1bn worth of 10-year bonds with an interest rate of 10.75%. In a statement Martínez admitted that although the country was facing a “difficult situation” the placement had been well received, and the “10.75% rate was 25 basis points lower than the original price”. Martínez also said that Ecuador had not ruled out other “potential sources” of financing such as multilateral organisations and China.