Ecuador Is Selling $1 Billion in Global Debt Amid Oil Boon

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

The nation launched a $1 billion tap of 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.