How is it possible that a few short years after defaulting on their debt they are back with a new issue and with no serious policy changes effected.
Another confirmation that the market is very liquid and that more risk is welcome.
Onésimo Alvarez-Moro
See article:
Ecuador is expected to announce this week that it will return to international capital markets for the first time since defaulting in 1999.
Officials from the finance ministry are due to hold a roadshow in New York today to gauge interest in a sale of up to $750m in bonds.
It will be the second time this year Ecuador has attempted the sale. On the first attempt, Quito touted a debt offer that was quietly called off in April because of rising political tension that forced out former president Lucio Gutiérrez.
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