New Issue: Ecuador prices $2 billion 7.95% notes due 2024 at par

By Christine Van Dusen

Atlanta, June 18 – Ecuador priced $2 billion 10-year notes at par to yield 7.95% on Tuesday, a market source said.

The notes were initially talked at a yield in the low-8% area.

Citigroup is the global coordinator. Citigroup and Credit Suisse were the bookrunners.

Issuer:	Ecuador
Amount:	$2 billion
Maturity:	June 20, 2024
Description:	Notes
Bookrunners:	Citigroup, Credit Suisse
Coupon:	7.95%
Price:	Par
Yield:	7.95%
Trade date:	June 17
Settlement date:	June 20
Price talk:	Low-8% area

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