Uruguay Completes Samurai Return

Uruguay Completes Samurai Return

Asia Bonds Uruguay

Uruguay has closed the JPY40bn ($493m) Samurai bond it had been marketing in Japan for a week, pricing near the tight end of guidance. The 2021 bond priced at par with a 1.64% coupon, to yield Yen Libor+ 43bp, near the tight end of the 42bp-48bp guidance. The book was heard 2.2x subscribed. As with other recent LatAm Samurai issues, it comes with a 95% guarantee from Japan’s JBIC development bank. “If we consider all of the costs, including the JBIC guarantee, it is pretty much the same as our U

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial