by Amruth Sundarkumar | May 8, 2023 | Sovereign Bonds, Sovereigns
Dollar bonds of Ecuador rallied by 3-5 points on news regarding its debt-for-nature swap bond buyback. Credit Suisse assisted the buyback totaling $1.63bn of bonds at discounted prices. The buyback saw: $202mn of its 5.5% 2030s repurchased at 53.25 cents on the...
by Amruth Sundarkumar | Mar 31, 2023 | Sovereign Bonds, Sovereigns
Ecuador’s dollar bonds were lower by more than 1 point across the curve on fears that President Guillermo Lasso may face an impeachment trial. Lasso is considered a market-friendly leader and analysts say that a new left-leaning administration is likely to cause...
by Amruth Sundarkumar | Feb 7, 2023 | Sovereign Bonds, Sovereigns
Dollar bonds of Ecuador dropped by over 10% with its 5.5% 2030s falling over 10 points to 59.93, yielding 19.3%. This comes after partial results from the constitutional referendum showed that voters were planning to reject a series of proposals put forward by...
by Amruth Sundarkumar | Jan 25, 2023 | Sovereign Bonds, Sovereigns
Ecuador’s dollar bonds dropped by as much as 2 points across the curve. While the reason for the move was not clear, its bonds have continued its uptrend since the news came out in October that the government planned to buyback its bonds. Since October, its...
by Amruth Sundarkumar | Oct 18, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds of Ecuador were higher by over 2-5 points on news that the government may buyback its bonds. The news comes after Finance minister Pablo Arosemena said last week in a private event that the nation may fund a buyback of some of its outstanding debt by...
