Credit Suisse Offers to Buy Up to $800M Notes Of Ecuador

April 26, 2023, 6:39 AM UTC

Credit Suisse International offers to purchase for cash, for up to an aggregate amount of $800 million and at a price to be determined pursuant to a modified Dutch auction series of notes issued by Republic of Ecuador. Offer applies to:

  • $3.70 billion Step-Up Coupon Notes due 2030
    • Modified Dutch auction bid range 48.25% to 53.25%
  • $8.46 billion Step-Up Coupon Notes due 2035
    • Modified Dutch auction bid range 33.50% to 38.50%
  • $3.40 billion Step-Up Coupon Notes due 2040
    • Modified Dutch auction bid range 30.50% to 35.50%
  • Offer expires May 4, 8 a.m. CEST; settlement expected May 9

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