Bolivia Sells $1 Billion in Bonds After Four-Year Break

Bolivia sold dollar bonds on international capital markets for the first time in four years, as its new market-friendly government seizes on a tightening sovereign spread to raise fresh financing.

The South American nation priced $1 billion in dollar notes maturing in 2031 at 9.75%, according to people familiar with the matter. Initial price talk was in the high 9% area, said the people, who asked not to be identified because the information isn’t public.