UTE lines up local bond sale

UTE lines up local bond sale

Bonds Debt Fixed Income IDB Invest Inter-American Development Bank (IDB) China Uruguay Capital Markets Project & Infrastructure Finance Electricity

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial