Published on 7/26/2016 in the Prospect News Emerging Markets Daily.
New Issue: Ecuador prices $1 billion 10¾% notes due 2022 at par
By Christine Van Dusen
Atlanta, July 26 – Ecuador priced $1 billion notes due March 28, 2022 (expected ratings: /B/B) at par to yield 10¾%, a market source said.
Citigroup was the bookrunner for the Rule 144A and Regulation S deal.
| Issuer: | Ecuador
|
| Amount: | $1 billion
|
| Maturity: | March 28, 2022
|
| Description: | Notes
|
| Bookrunners: | Citigroup
|
| Coupon: | 10¾%
|
| Price: | Par
|
| Yield: | 10¾%
|
| Trade date: | July 25
|
| Settlement date: | July 28
|
| Expected ratings: | S&P: B
|
| Fitch: B
|
| Distribution: | Rule 144A and Regulation S
|
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