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Bolivia Weighing First International Bond Sale Since 1920s

Bolivia is considering tapping international debt markets for the first time since 1920 with a sale of as much as $500 million in bonds this year, Finance Minister Luis Arce said.

Bolivia is working with Bank of America Merrill Lynch and Goldman Sachs Group Inc. in placing the sale, Arce told reporters today at the Inter-American Development Bank’s annual meeting in Montevideo, Uruguay. The government expects the bonds to yield less than 10 percent, he said in an interview after his news conference.