Uruguay bets on deepening global market for peso bonds

Uruguay bets on deepening global market for peso bonds

Corporate & Sovereign Strategy Bonds Debt Economy & Policy Fixed Income Uruguay Capital Markets

Uruguay was seeking to develop a market for global bonds in local currency as much as secure financing for the rest of the year when it carried out its latest international bond sale on May 13, Herman Kamil, head of sovereign debt management at ministry of economy and finance, told LatinFinance. The transaction, which included the sale of UYU33 billion ($750 million) worth of new 10-year peso-denominated global bonds and the exchange for another $416 million for a total of $1.17 billion in pesos

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