Goldman’s revived Ecuadorian coverage sure sign of new deal

Goldman Sachs published an economics report on January 10 informing the markets that it was “re-initiating coverage of the Ecuadorian” economy.

Then, less than two weeks later, the investment bank repackaged a $400 million social housing bond for the country in an innovative structure that enabled the sovereign to price at a lower cost than its existing benchmarks.

The Inter-American Development Bank (IADB) provided a guarantee for $300 million of B-/B- rated Ecuadorian bonds, with a 15-year term and a 7.25%