Ecuador looks for return to global debt market

Ecuador is looking to return to international debt markets for the first time since 2019.

Ecuador is hoping to return to international debt markets for the first time since 2019 by issuing bonds to fund a repurchase of notes due 2030 and 2035, according to statements from the finance ministry. Its said debt issuance, “enables the execution of liability management operations aimed at improving the debt profile and reducing service pressures in the medium term.” Finance Minister Sariha Moya said, “the government is confident the new bond will yield less than 10%”.

Moya said the country has around $900mn coming due this month in domestic and external debt, including a payment of about $400 million for the bonds due 2030. The government also remains open to debt-for-nature swaps and issuance backed by guarantees from the Inter-American Development Bank and the World Bank.

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