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Bolivia Is Selling Bonds After Borrowing Costs Reach Three-Year Low

  • Andean nation last tapped global markets in August 2013
  • New notes offer substantial yield premium over existing bonds

Bolivia is taking advantage of a rally in its bonds to tap international debt markets for the first time in four years.

The Andean nation is selling $1 billion of 11-year notes that include principal payments in 2026, 2027 and 2028, according to a person familiar with the matter who asked not to be identified because the information is private. The securities are expected to price Monday and will offer a yield premium of about 2 percentage points above Treasuries, the person said, compared with about half a point for the nation’s benchmark 2023 bonds.