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Updated · Bloomberg · May 5Ecuador hires BofA and Citigroup for potential second bond sale
6 articles · Updated · Bloomberg · May 5
- The South American country scheduled an investor call for Tuesday and may sell additional 2034 and 2039 notes first issued in January.
- If completed, it would mark Ecuador's second international bond sale this year, extending its return to external debt markets.
- The hiring was reported by a person familiar with the matter, indicating the plans are not yet public and the sale remains under consideration.
With global markets tightening, why are top banks underwriting Ecuador's high-risk junk bonds? Is Ecuador borrowing its way out of crisis or spiraling into a deeper debt trap?