Uruguay Ties Up Tender

Uruguay Ties Up Tender

Bonds Uruguay

Uruguay is set to retire $760m in outstanding bonds following the close of the tender offer that accompanied Tuesday’s $2bn 2024 bond sale. The sovereign has accepted for buyback $2m of its 7.5% 2015 bonds, $39m of its 9.25% 2017s, $570m of its 8.0% 2022s and $153m of its 6.875% 2025s, it says. It had offered holders $1,102.50 per $1,000 principal for the 2015, $1,262.50 for the 2017, $1,302.50 for the 2022 and $1,237.50 for the 2025. Deutsche Bank and HSBC managed the bond sale and the tender o

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