Latin American Economy & Business - January 2017 (ISSN 1741-7430)

On 10 January Ecuador returned to market with its second bond issue in a month (and its fourth in less than a year), raising US$1bn through a fresh tap of its 2026 bond. Like Brazil – whose state-controlled oil giant Petrobras successfully issued US$4bn the previous day – the cash-strapped Andean country took advantage of an upturn in capital markets ahead of the inauguration of the business-friendly administration led by US president-elect, Donald Trump.