Uruguay LM Tops $850m

Uruguay LM Tops $850m

Bonds Uruguay

Uruguay is set to complete a liability management exercise putting holders of various old bonds into new 2045 bonds, after Friday’s close of the cash and exchange offer portions, it says. Following last week’s $500m sale of the new 2045s for cash, the sovereign will use the proceeds to repurchase bonds from 8 series of dollar bonds due 2013-2022 and 2 series of Euro-denominated bonds due 2016 and 2019 accepted during the cash portion of the tender. It will also issue $354m in additional 2045 bon

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