Tuesday, June 19, 2007

Ecuador says bank benefited from past debt policy

(Reuters) - Correa said Produbanco owes global bonds. His leftist
government seeks to identify holders of the country's benchmark
global bonds, which amount to around $3.86 billion, according
to government data.




"In 2003 we had an economy minister and former vice
president of Produbanco; ... in that administration bond prices
rose from 60 percent to 104 percent," Correa said.


Read more at Reuters.com Bonds News

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