By Colin Hanner
Chicago, May 31 – Republic of Ecuador priced $2 billion of notes in two tranches on Wednesday, a market source said.
Ecuador sold $1 billion 8¾% six-year notes at par.
Price talk for the bond was in the low-9% area, a market source said.
The second tranche was $1 billion of 10-year notes that priced at par to yield 9 5/8%.
Price talk was in the high-9% area, a market source said.
Citigroup was the bookrunner.
| Issuer: | Republic of Ecuador
|
| Amount: | $2 billion
|
| Bookrunner: | Citigroup
|
| Pricing date: | May 31
|
|
|
| Bonds due 2023
|
| Amount: | $1 billion
|
| Maturity: | 2023
|
| Coupon: | 8¾%
|
| Price: | Par
|
| Yield: | 8¾%
|
| Price talk: | 8¾%, tightened from low-9% area
|
|
|
| Bonds due 2027
|
| Amount: | $1 billion
|
| Maturity: | 2027
|
| Coupon: | 9 5/8%
|
| Price: | Par
|
| Yield: | 9 5/8%
|
| Price talk: | 9 5/8%, tightened from high-9% area
|
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