Ecuador offers pick-up to curve on social bond repack
![Guayaquil, Ecuador, oil, LatAm](https://assets.euromoneydigital.com/dims4/default/e0ddaae/2147483647/strip/true/crop/230x153+0+0/resize/840x559!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F75%2Fe3%2F2139a8e87280c594f74eee411314%2Ffotolia-guayaquil-river-230x150.jpg)
Ecuador raised $400m of funding for social housing at a lower cost than its conventional curve thanks to an innovative tranched structure that also offered junior bondholders the chance to gain some extra pick-up with exposure to one of the highest paying sovereigns in Latin America.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: