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October 07, 2012

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7.25% for a secured loan is a lot. Didn't Zambia just issue unsecured debt at close to 5%?

You have a point --- but Ecuador's own outstanding debt is yielding more. Ecuador's EMBI right now is running at 722 basis points and its 2015 bond is yielding 8.44%.

What's the right benchmark for determining if China is getting a good deal? Other countries to which China could lend or Ecuador's own unsecured debt? Honest question.

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