Finance Minister meets with investors before issuing a new bond

Finance Minister Fausto Herrera, meets from March 9 with investors before a possible issuance of a new bond.

According to official sources, the figure will be known if the issue is made, there is nothing concrete yet. However, according to international agencies, Ecuador seeks to raise $ 1,000 million.

Ecuador made a historic return to international debt markets in June last year, when it raised $ 2,000 million through the sale of a 10-year bond, the first placement from its voluntary default in 2008.

Herrera explained that the projected deficit for this year is 4.5% to 5% of Gross Domestic Product (GDP), i.e. approximately $ 5,000 million, plus the funding requirement (debt repayment), needs total between 8,000 and 9,000 million dollars.