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Uruguay lowers rates in samurai return

Uruguay lowers rates in samurai return

December 3, 2021 | Hernán Goicochea
South American sovereign issuer prints $442 mln in a five-part bond deal with an average coupon of 0.71%

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina Japan Capital Markets

Uruguay priced JPY50 billion ($442 million) worth of samurai bonds with an average coupon of 0.71% in a five-part deal on Wednesday, paying the lowest rates since it started issuing debt in Japanese yen in 1994, the finance ministry said in a press release. The South American sovereign issuer printed JPY37.2 billion in three-year bonds with a coupon of 0.52% along with JPY11.4 billion in 15-year notes at 1.32% and JPY600 million in seven-year bonds at 0.84%. It also issued JPY400 million in five

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