Ecuador remains on course, following a credit rating upgrade by Fitch Ratings, to issue its first sovereign bond since its $3.2 billion default in 2008. It is expected to offer the debt this year or in 2014 and would follow the successful bond debuts of two other small Latin American nations, Bolivia and Paraguay, earlier this year. Neither the terms nor the amount of an Ecuadorian offering are yet known. Bolivia and Paraguay both sold $500 million.
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