Ecuador Announces $1 Billion Bond Placement

Instant Max AI

(Energy Analytics Institute, Ian Silverman, 16.Jan.2017) – Ecuador, the only other Latin American country to belong to the Organization of Petroleum Exporting Countries (OPEC), successfully completed a $1 billion bond placement, announced President Rafael Correa in an official Twitter post.

The bonds, placed on January 10, 2017, have an annual interest rate of 9.1 percent and mature in 2027.

Demand for the offering was $2.2 billion, which “reflects confidence in the country,” wrote Correa.

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