September 23, 2021 |
Uruguayan retailer Ta-Ta said on Wednesday that it raised $100 million in the sale of 20-year inflation-linked bonds, the biggest deal to date in the local market by a private issuer.
The bonds, which come with a one-year grace period, were sold at price to pay a margin of 3.75% over inflation, a deal that was managed by Itaú, the company said in a securities filing.
The notes are denominated in unidades indexadas, or UI, a unit of account adjusted for inflation.
"It was the largest operation of
Uruguayan retailer sells $100 mln in inflation-linked bonds in the largest deal to date by a private issuer