Latinnews Daily - 20 October 2017

Ecuador: The economy ministry has announced that it has successfully placed U$2.5bn in sovereign bonds in international capital markets. A ministerial statement said that the 10-year bonds offered a yield of 8.87% and were oversubscribed with demand for the bonds reaching US$8bn. The ministry added that it had also secured a US$500m loan from Goldman Sachs. According to the statement, the funds raised by the bond issue and the loan will be used to finance priority investment projects included in Ecuador’s 2018 budget designed to “reactivate Ecuador’s economy”.  

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