UTE Powers Up Eleventh Hour Debt Issue

UTE Powers Up Eleventh Hour Debt Issue

Uruguay’s state-run power company Administracion Nacional de Usinas y Transmisiones Electricas (UTE) is selling $80m in 5 and 10-year bonds to local institutional investors Thursday. A $70m 10-year denominated in inflation-linked units will price at 5.25% with 2 years’ grace, while a $10m 5-year dollar tranche is set at 4.00%, Javier Gomez, director at Uruguayan brokerage ProCapital tells LatinFinance. The deal – which was roadshowing Wednesday in Montevideo and will price by auction today – is

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