As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
Reducing the country risk, the great opportunity to fit in the neighbourhood
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Reducing the country risk, the great opportunity to fit in the neighbourhood
Fifth week
March 2017
Last week there was a placement of International Bonds from the Republic of Paraguay. USS 500 million were issued with a maturity term of 10 years, and the investors’ appetite for these bonds was significant, given that demand was 6 times bigger than the issued amount. The interest rate should make us envious: 4.70% of annual coupon.
Although it could be considered to be an isolated event, it was not. The previous week, Bolivia had issued USD 1 billion with a 10-year term, at an annual rate of 4.50%.