Radar Analysis · 12 November 2026 · Radar Inversión
In March, ueno bank sold USD 350 million in senior unsecured bonds due in 2031 with a 6.70% coupon. IFR reported that the bonds fell from about 86 cents on the dollar on 3 November to 7 cents on the morning of 6 November. Those prices refer to the bank’s debt.
How the risk could reach the sovereign
Fitch kept Paraguay’s sovereign rating at BB+ and placed it on negative watch. The possible channels are pressure on public finances, growth and policy continuity. Any compensation funded with public money would put pressure on the budget depending on its size and funding.
What to watch before making a decision
Track the spread between Paraguay’s dollar bonds and comparable US Treasuries. A sustained widening would indicate that investors are demanding a higher premium. The yield Paraguay secures on its next issue will show the actual cost of that new debt.
