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Ecuador prices US$750m 10-year bond at 9.65%: source
December 8, 2016 / 8:00 PM / in 8 months

Ecuador prices US$750m 10-year bond at 9.65%: source

NEW YORK, Dec 8 (IFR) - Ecuador has priced a new US$750m 10-year bond at the final yield of 9.65% after receiving around US$2.4bn in orders from investors, according to a source familiar with the deal.

Pricing was tightened from initial price thoughts of low 10% that were released earlier on Thursday.

Citigroup was the sole lead manager on the transaction. The bond priced at par.

Reporting by Davide Scigliuzzo; Editing by Natalie Harrison

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