Ecuador Bonds Rebound as Government Sticks to Fuel Subsidy Cut

Ecuador sovereign bonds rebounded Wednesday as Finance Minister Sariha Moya said the government won’t reverse a decision to remove fuel subsidies and has plans to issue bonds as soon as late this year.

• Dollar notes due in 2030, 2035 and 2040 reversed drops, rising as much as 0.3 cent on the dollar, according to indicative pricing data compiled by Bloomberg
• NOTE: Ecuador’s Diesel Subsidy Cut to Boost Crime Fighting: Moya

To contact the reporter on this story:
Zijia Song in New York at zsong107@bloomberg.net

To contact the editors responsible for this story:
Julia Leite at jleite3@bloomberg.net

Ira Iosebashvili

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