Paraguay Plans $500 Million Global Bond to Fund Budget, Cut Debt
- Government is considering maturities as long as 12 years
- New rules attract foreign money to domestic sovereign bonds
Paraguay is preparing to sell a new global bond for $500 million by early July to fund its deficit and push out debt maturities, Deputy Finance Minister Roberto Mernes said in an interview.
The Finance Ministry is evaluating bond durations out to 12 years with an interest rate of about 6.1%, Mernes said. As much as $70 million of the issuance could be used to refinance a portion of the government’s 2026 bond, he said.