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A debt of $ 2 billion in the first bond issue of Lenin Moreno’s government
Posted On 31 May 2017
EcuadorNews:
Ecuador placed new foreign debt for $ 2 billion, after six days of the inauguration of President Lenin Moreno, according to a bulletin issued this afternoon by the Ecuadorian Ministry of Finance. The placement was made in two tranches of $ 1 billion each. The first to a six-year term with an interest rate of 8.75%; While the other $ 1 billion to a ten-year term with rates of 9.62%.
Ecuador’s external debt, as of April this year, according to the Ministry of Finance, stands at $ 27.886 billion. The aggregate debt, on the other hand (which includes domestic debt), amounts to 41,820.6 million. This last figure represents 41.57% of GDP.
