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Ecuador’s dollar bonds fell by over 1 point on Wednesday after a statement by lawmakers to renegotiate the country’s external debt. The statement, posted on X (Twitter) yesterday, recommended a series of economic measures and emphasized on external debt renegotiation, to achieve extension of maturities and a reduction of interest and principal amount. Ecuador’s dollar bonds have been among the top losers this year, due to political risks. Its bonds saw a relief rally in October after Daniel Noboa was elected as the president of the country.
Ecuador bonds traded weaker with its 6% 2030s dropping by 1.6 points to 44.9 cents on the dollar, yielding 22%.
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