By Mary-Katherine Stinson
Lexington, Ky., Oct. 11 – Ecuador DPR Funding issued $300 million of 9.95% fixed-rate notes due 2029, according to a listing notice.
The notes are the second series of notes issued under Banco Pichincha’s diversified payment rights securitization program.
Goldman Sachs served as sole structuring agent and placement agent.
The Rule 144A and Regulation S notes were issued July 14 and will be listed on the Singapore Exchange effective Oct. 12.
Banco Pichincha CA is the largest bank in Ecuador.
| Issuer: | Ecuador DPR Funding
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| Issue: | Series 2022-1 fixed-rate notes
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| Amount: | $300 million
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| Maturity: | June 15, 2029
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| Bookrunner: | Goldman Sachs
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| Counsel to issuer: | Hogan Lovells
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| Coupon: | 9.95%
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| Settlement date: | July 14
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| Listing date: | Oct. 12
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| Rating: | Fitch: BB-
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| Distribution: | Rule 144A and Regulation S
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| ISINs: | US27928YAA55, USG2922EAA13
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