Bolivia is getting ready to raise as much as $500m from international capital markets in 2012, helped by the country's impressive economic performance and willingness to attract capital. This is an important step for the country as, according to its finance minister Luis Arce, the last Bolivian issuance dates back to almost a century ago.
“Since we have [had] very good economic results [and] we are managing the economy very well, we thought [that it was] time that Bolivia came to the international capital markets with a sovereign bond,” says Mr Arce. “We have the authorisation from the national assembly to issue as much as $500m. We are finishing a long process [during which] we have decided to work with Bank of America-Merrill Lynch and Goldman Sachs as market makers for these new bonds.”
