Uruguay issues SLBs in the international market

Uruguay issues SLBs in the international market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets ESG Sustainability-Linked Uruguay

Uruguay issued $1 billion in 12-year sustainability-linked bonds (SLBs) on Thursday after orders reached as high as $2.9 billion, sources told LatinFinance. "We have a positive view on Uruguayan fundamentals, and the new bond is pricing cheap to the existing secondary curve," said Zulfi Ali, a fixed income portfolio manager at PGIM, the investment management division of US insurance group Prudential Financial. "While Uruguay tends to trade rich relative to its credit rating within the emerging m

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