Ecuador Will Use Financial Bonds

Pedro Delgado

After four years of absence, the Ecuadorian authorities plan to re-financed through bonds, reported Analisis Digital weekly.

The central bank president, Pedro Delgado said he “is in talks with Hamilton Financial, Lazard Ltd and Clifford Chance to structure a bond sale” this year.

According to Efrain Vieira, president of Biess, the goal is to issue $ 200 million in international markets, and he is already in talks with Citigroup, Credit Suisse, MorganStanley and Deutsche Bank for placement.

The bonds would be backed up by 400 million in commercial paper of domestic companies and subsidiaries of multinationals.

(MS)