NEW YORK, Jan 26 (Reuters) - Ecuador announced on Monday
the issuance of new 8-year and 13-year debt as investors
tendered some $4.6 billion of its 2030 and 2035 step-up notes.
The South American country said it is issuing two new U.S.
dollar bonds, maturing in 2034 and 2039, in a deal aimed at
refinancing part of its existing debt, with Bank of America and
Citi running the sale, according to LSEG data.
The government separately said it received tenders of $2.48
billion, or 81.6%, of its 2030 step-up notes, and $2.12 billion,
or 32.7%, of its 2035 step-up notes, into its cash buyback
offer.
The government said it will announce on January 27 whether
it will accept the tenders, how much it will spend on each
series, and whether any bids will be prorated, with the buyback
still conditional on the closing of the new bond issuance.