One Step Closer To The Markets, One Step Farther From The Left

ECUADOR - Report 27 Jun 2014 by Magdalena Barreiro
Executive SummaryThe controversial results –to say the least --of the last sectional elections of February 2014 paired with a tough fiscal situation brought back the pragmatic Correa to the surface once more. After taking a dig to the markets for the last seven years, he brought Ecuador back to Wall Street on June 17 with an issue of $2 billion, 7.95% coupon rate, and 10 years of maturity. Previously in May, Ecuador closed an operation with Goldman Sachs from which the Ministry of Finance received a loan of $400 million at 4.3% in exchange for around $600 million of gold reserves which will...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.