Uruguay to Upsize 2028 in Tender’s Wake

Uruguay to Upsize 2028 in Tender’s Wake

Bonds Uruguay

Uruguay will bring its new 2028 bond issue to $2.0bn outstanding, upon completion of an exchange offer and a $275m-equivalent retap that was part of liability management operation to replace expensive peso, euro, and dollar debt with a new peso inflation-linked benchmark. The sovereign is set to pay UYP14.42bn ($725m) in new 2028 bonds to holders of existing 5.0% inflation-linked 2018 bonds that accepted a tender offer closed Friday. The sovereign had offered the new 2028s at a rate of UYP110.25

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial