La Tahona launches local bond sale

La Tahona launches local bond sale

Bonds Debt Fixed Income Uruguay Capital Markets

Uruguayan real estate developer La Tahona Inversiones said Monday that it is offering up to $40 million in bonds in the local market to finance projects and pay down debt. The company will sell the 10-year, dollar-denominated bonds in an auction that ends Tuesday, according to a securities filing. The bonds will pay a fixed rate of 5.75%. La Tahona is developing a real estate project in Salto, a city in northwest Uruguay, with $600 million in planned investments over the next 10 years. Estudio B

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