ASUNCION, Jan 8 (Reuters) - Paraguay plans to sell bonds on the international market in the first half of February, Finance Minister Lea Gimenez said on Monday.
She did not give details on the planned issuance but said Paraguay's 2018 budget authorizes up to $600 million in foreign and domestic currency debt. Of that, $300 million is to be used to cover existing obligations and the rest can be used for new investments.
The country debuted on international debt markets in 2013 and has sold a total of $2.88 billion in bonds.
Neighboring Argentina sold $9 billion in a three-part dollar bond last week, covering nearly a third of its expected financing needs for 2018. (Reporting by Daniela Desantis; Writing by Caroline Stauffer; Editing by Susan Thomas)
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