Tasas de interés y condiciones de financiamiento de la inversión pública ecuatoriana por emisión de bonos soberanos años 2011- 2017.

Abstract

This research work had as a priority objective to perform an analysis of the terms, interest rates and financing conditions of public investment for the issuance of sovereign bonds in Ecuador during the last seven years, it is also important to emphasize that the bonds are not something else but a title of value that is issued by different governmental entities of a country, being reflected as an instrument used by the State, based on market capital to finance or in turn liquidate some needs under various conditions and characteristics. These as all the bonds include interests that can be variable or fixed, whose payment can be established on a monthly, bimonthly, quarterly, semi-annual or annual basis, as for the interests, the rate will always be determined by the risk indicator country of the issuing government. For this report we have taken into account the debt analysis that Ecuador has been having with the sovereign bonds and the reason why the financing has different characteristics, thus in this way the governments obtain the necessary money with a single objective, endorse economically the budget deficit and other government services. The bonds in the market are considered very safe because they are directly guaranteed by the governments that are in force, this is directly proportional, since the greater the security of the debt that is acquired, the higher is the interest rate.