Uruguay publishes SLB framework

Uruguay publishes SLB framework

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

Uruguay's finance ministry said Tuesday that it published a framework for sustainability-linked bonds (SLBs) to align "its national financing strategy and cost of capital with its sustainability efforts." According to the framework, Uruguay could pay step-up rates if it fails to meet environmental targets or pay lower rates if it exceeds the targets. The country has pledged to reduce greenhouse gas emissions by 50% and preserve 100% of native forests by 2025, the finance ministry said. "Building

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