This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Ecuador’s Dollar Bonds Rise on VAT Increase Resolve
February 8, 2024
Ecuador’s dollar bonds were amongst the top gainers, up by over 1 point. This comes after the President Daniel Noboa decided to use his ‘line-item authority’ to raise the permanent VAT (value-added tax) band of 13-15%, in order to curb the budget deficit. The President has an approval rating of 80% and analysts note that an approval of the tax bill in the Assembly could open the path for reaching an agreement with the IMF in the near future.
Its 3.5% 2035s were up 1.1 points to 44.11, yielding 19.8%
Go back to Latest bond Market News
Related Posts:
Ecuador’s Dollar Bonds Drop over 10% Last Week
June 20, 2022
Ecuador Bonds Drop on Debt Renegotiation Talks
December 15, 2023
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.