Paraguay Sells $1 Billion in Local-Currency Bonds Abroad

2026-02-25 - 13:23

Key Points — Paraguay placed $1 billion in guaraní-denominated sovereign bonds on international markets at 8.5% over 12 years — its largest and longest local-currency issuance ever — The deal, combined with a $300 million dollar-bond reopening, will fund the country’s entire 2026 fiscal deficit in local currency for the first time — Demand for