Uruguay Pleased with Samurai Conditions

Uruguay Pleased with Samurai Conditions

Asia

Uruguay is pleased with conditions in the Japanese markets ahead of a Samurai issuance, its finance minister tells LatinFinance. “The Japanese market is very stable, and has a very liquid institutional investor base,” Fernando Lorenzo says. He declines to disclose the details of the sale. The market expects a minimum JPY40bn ($490m) 10-year yen-denominated bond, at a yield of yen Libor+ 42bp-48bp, likely next week, according to those following the transaction. Lorenzo notes that the JBIC guarant

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