EM LATAM CREDIT: Bolivia: 38% of 2025 Debt Paid - Positive
(BOLIVI; Ca/CCC-neg/CCC-)
"Bolivia Pays 38% of 2025 Foreign Debt Through April: Ministry" - Bbg
The news that they paid their debt so far this year is positive but the outlook going forward is still negative, as reflected in the S&P double notch downgrade yesterday left outlook negative and the nearly 30% yield on the 2028 notes and nearly 20% yield on 2030 notes.
The 2028 notes have a big amortization March 2026 and the government is in disarray with the president deciding not to run in the upcoming presidential election later this year as well as political polarization and congressional gridlock as described by the Bolivian ministry as reported by Bloomberg.
BOLIVI 2030s were last quoted USD69.25, almost 3 points higher QTD and 7 points higher YTD.
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