Home / Daily Briefs / 2017 / Uruguay prints global peso notes

Uruguay prints global peso notes

Uruguay prints global peso notes

June 13, 2017 | Peter Agra
Sovereign issuer raises the equivalent of $1bn in five-year global notes

Bonds Uruguay

Uruguay has raised the equivalent of $1bn in 9.875% 2022 peso-denominated paper on Monday, via a Rule 144A/Reg S bond sale. Bank of America Merrill Lynch, BBVA and Morgan Stanley started initial price talk (IPTs) in the low-to-mid 10% area, before finding space to tighten yields at guidance to 10%, debt capital markets sources said. Orders were understood to be 5x oversubscribed, leaving the trio to launch the transaction at the same level, before reoffering the notes at 99.517, s

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