*Bolivia’s economy and finance minister,
José Gabriel Espinoza, has announced the successful placement of US$1bn in bonds on the international market. The five-year bond, which has a coupon rate of 9.45%, was oversubscribed by a factor of five, he said, declaring that
“we’re recovering international confidence in our economy”. He added that
“a few months ago, the scenario was completely different: there were doubts about macroeconomic stability and the country’s capacity to return to the markets,” but said that
“today, that trend is beginning to change”. Espinoza said that
“this operation does not resolve all the problems that have accumulated over years, but it does improve our financing conditions and allows us to advance with the stabilisation process”.
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