Ta-Ta to tap local bond market

Ta-Ta to tap local bond market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America Argentina Uruguay Retail shopping Capital Markets

Uruguayan retailer Ta-Ta plans to sell up to $100 million in inflation-linked bonds in the local market as part of a $150 million program, according to a statement from the central bank. The new notes will be denominated in unidades indexadas, or UI, a unit of account adjusted for inflation, the central bank said. Ta-Ta did not reply to requests for comment, but local newspaper El País said the company will issue 20-year bonds and use the proceeds to open new locations and renovate existing stor

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