New Issue: Ecuador prices $750 million 10˝% notes due 2020 at par

By Christine Van Dusen

Atlanta, March 19 – Ecuador sold $750 million of 10˝% notes due March 24, 2020 (expected ratings: B+/B/) at par to yield 10˝%, a market source said.

Citigroup was the sole bookrunner for the Rule 144A and Regulation S deal.

Issuer:	Ecuador
Amount:	$750 million
Maturity:	March 24, 2020
Description:	Senior notes
Bookrunner:	Citigroup
Coupon:	10˝%
Price:	Par
Yield:	10˝%
Trade date:	March 19
Settlement date:	March 24
Expected ratings:	Moody’s: B+
	Standard & Poor’s: B
Distribution:	Rule 144A/Regulation S

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