June 9, 2022 |
Uruguay's state-owned power company UTE said it sold UI685 million ($94 million) in inflation-linked bonds in the local market to finance a 500 kv power transmission project, less than the up to UI800 million maximum it had sought.
The 26-year bonds were sold at a price to pay 3.125%, according to documents filed with the Bolsa Electrónica de Valores, an electronic stock exchange in Montevideo.
UTE sold the 2048 bonds through República AFISA, a financial trust company owned by the central bank.
Uruguayan state-owned power company sells $94 mln in bonds for a transmission project