Ta-Ta breaks local record in bond deal

Ta-Ta breaks local record in bond deal

Bonds Debt Fixed Income Capital Markets Retail shopping Uruguay

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

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