Uruguay accepts a portion of its 2024s

Uruguay accepts a portion of its 2024s

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Uruguay

Uruguay said it has accepted to buy back $227.3m of the $506.8m tendered by bondholders across four series of securities maturing in 2022, 2024, 2025 and 2033. Bondholders tendered: - $107.1m of the $550.5m in 8% 2022s- $260.7m of the $1.5bn in 4.5% 2024s- $79.1m of the $175.3m in 6.875% 2025s and- $59.7m of the $840.5m in 7.875% 2033 notes But the sovereign issuer only accepted $227.3m of the total received in 4.5% 2024s. It offered bondholders: - $1,163 for every $1,000 exchanged in 8% 2022s-

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