April 16, 2018 |
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.
- $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-
Sovereign issuer follows up $1.5bn new issue by welcoming $227m worth of outstanding 4.5% bonds