Published on 1/19/2018 in the Prospect News Emerging Markets Daily.
New Issue: Ecuador prices $3 billion 10-year bonds at par to yield 7 7/8%
By Rebecca Melvin
New York, Jan. 19 – Republic of Ecuador priced $3 billion of 10-year senior notes at par to yield 7 7/8% on Friday, according to market sources.
Credit Suisse, Deutsche Bank and JPMorgan were the joint bookrunners of the Rule 144A and Regulation S notes.
Issuer: | Republic of Ecuador
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Amount: | $3 billion
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Maturity: | Jan. 23, 2028
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Securities: | Senior notes
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Bookrunners: | Credit Suisse, Deutsche Bank and JPMorgan
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Coupon: | 7 7/8%
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Price: | Par
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Yield: | 7 7/8%
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Trade date: | Jan. 19
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Settlement date: | Jan. 23
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Distribution: | Rule 144A and Regulation S
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