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Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Petroamazonas issues bonds for $ 355 million

Posted On 25 Apr 2017
On February 16, Petroamazonas issued international bonds for $ 355.2 million in an operation led by Citi Group Global Markets Limited. The public company, which holds debts to private oil companies, allocated this amount to finance the “Investment project in financial infrastructure,” according to the March newsletter of the Ministry of Finance. The interest rate is 2% with a term of two years and one year of grace.
Santiago Mosquera, a professor at the USFQ Business School, explains that this issue has not been reported on the Bloomberg platform, thus, it is assumed that the bonds are non-negotiable and it is a private operation. Within the deadline, the total payment shall be made in the second year, with a monthly capital amortization, says Mosquera.
On the destination of the money, the Ministry of Finance reported yesterday “that these resources are not part of the General State Budget.”

Source: http://www.eluniverso.com/noticias/2017/04/25/nota/6153679/petroamazonas-emite-bonos-355-millones-dolares

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