Bolivia Picks Banks for Cross-Border Sequel

Bolivia has mandated Bank of America Merrill Lynch and HSBC to manage its next international bond transaction, according to people familiar with the matter. Plans for timing, size and tenor are unclear. The sovereign raised $500m in October 2012, its first international bond in several decades, getting a 4.875% yield through Bank of America Merrill Lynch and Goldman Sachs. Bolivia is rated Ba3/BB minus/BB minus.