September 2, 2021 |
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
Uruguayan retailer aims to raise up to $100 mln in the sale of inflation-linked bonds