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 | 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...
by Amruth Sundarkumar | Aug 2, 2022 | Sovereign Bonds, Sovereigns
Luxembourg-based banks have been ordered to freeze all Ecuadorian assets after a settlement charge of $391mn to Anglo-French oil company Perenco remains unpaid. In 2021, Ecuador’s government had pledged to pay the settlement sum after the World Bank’s...
by Amruth Sundarkumar | Jun 20, 2022 | Sovereign Bonds, Sovereigns
Ecuador’s dollar bonds have fallen over 10-12% in the past week as protests by indigenous groups have erupted. In 2020, the country defaulted on debt and faced a similar political chaos. These groups are demanding more energy subsidies and price controls of basic...
by Amruth Sundarkumar | May 12, 2022 | Sovereign Bonds, Sovereigns
Ecuador and the IMF reached a staff-level agreement regarding the economic policies required to conclude reviews of its 27-month Extended Fund Facility arrangement-supported program. Once the review is complete, Ecuador will have access to financing worth ~$1bn, which...
