December 14, 2021 |
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.
Uruguayan real estate firm will seek $40 mln for projects and paying off debt