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Honduras to issue $1 billion in bonds in 2015

Monday, March 10, 2014

Honduras plans to issue $1 billion in bonds on international markets in 2015 to refinance the country's internal debt, Finance Minister Wilfredo Cerrato said.

The bond sale will partially restructure the Central American country's rising local debt, Cerrato said.

Honduras is facing a critical financial squeeze as its internal debt has quadrupled since 2008 to $2.8 billion.

Source: Reuters