May 12, 2022 |
Uruguay's state-owned power company UTE plans to sell up to UI800 million ($104 million) in inflation-linked bonds in the local market to finance a 500 kv power transmission project, according to a company filing with the central bank.
The company will sell the bonds through República AFISA, a financial trust company owned by the central bank. The notes will be denominated in unidades indexadas, or UI, a unit of account adjusted for inflation.
UTE did not provide further details on the bonds in
Uruguayan state-owned power company seeks $104 mln for a transmission project