Ecuador Sells Another Billion in Dollar Debt Amid Oil Boon

Ecuador, long seen as one of Latin America’s serial defaulters, sold $1 billion more of the dollar bonds it first issued in January, taking advantage of higher oil prices and sustained investor appetite for emerging-market debt.

The nation priced the notes due in 2034 and 2039 at 8.25% and 8.75%, respectively, down from initial price talks, according to a person familiar with the matter, who requested anonymity because the information is private.