Bolivia eyeing $1bn bond in coming months

LONDON: Bolivia is hoping to sell a eurobond of up to $1 billion in the months to come, the country's Economy Minister Luis Arce Catacora said on Thursday.

"If the conditions are good it will be in the next months," Catacora told journalists in a briefing during a Developing Markets Associates investment conference.

"We have authorisation for this, for $1 billion this year," he said, adding he expected the bond to come with a 10-year maturity.

This would be the country's third international issue, and proceeds would go mainly towards investment in healthcare, specifically hospitals, he added. Bolivia is rated BB by S&P and Fitch and one notch lower at Ba3 by Moody's.