New Issue: Ecuador prices $3 billion 10-year bonds at par to yield 7 7/8%

By Rebecca Melvin

New York, Jan. 19 – Republic of Ecuador priced $3 billion of 10-year senior notes at par to yield 7 7/8% on Friday, according to market sources.

Credit Suisse, Deutsche Bank and JPMorgan were the joint bookrunners of the Rule 144A and Regulation S notes.

Issuer:	Republic of Ecuador
Amount:	$3 billion
Maturity:	Jan. 23, 2028
Securities:	Senior notes
Bookrunners:	Credit Suisse, Deutsche Bank and JPMorgan
Coupon:	7 7/8%
Price:	Par
Yield:	7 7/8%
Trade date:	Jan. 19
Settlement date:	Jan. 23
Distribution:	Rule 144A and Regulation S

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