S&P lifts Uruguay

Bonds Corporate & Sovereign Strategy Uruguay

Sound macroeconomic policies an improved regional environment lead to upgrade

Uruguay must tread carefully on Brazil, cautions new FinMin

Economy & Policy Corporate & Sovereign Strategy Uruguay

Uruguay’s government needs manage its fiscal accounts carefully in the face of regional and global upheaval, finance minister Danilo Astori tells LatinFinance

Uruguay central bank head takes charge of FinMin

Economy & Policy Corporate & Sovereign Strategy Uruguay

Mario Bergara, Uruguay’s central bank head, was appointed finance minister on December 26, replacing Fernando Lorenzo. Bergara had run the central bank since 2008. Before...

Uruguay Sees Rare Corporate Issue

Bonds Uruguay

Uruguay's state power company UTE placed UI930m ($68m) in domestic bonds, according to the country's stock exchange. The inflation-indexed 15-year notes pay 4.5%, and dre...

Uruguayan Plans Bond Sale

Bonds Uruguay

Uruguay’s state-run power company Administracion Nacional de Usinas y Transmisiones Electricas (UTE) is expected to sell up to $120m in 15-year domestic bonds denominated...

IDB Provides Uruguay Wind Project Funds

Loans Uruguay

The Inter-American Development Bank (IDB) has agreed to loan up to $133m for a pair of Uruguayan wind energy projects sponsored by Argentina's Corporacion America and Spa...

Bank of the Year, Uruguay: Banco de la República Oriental del Uruguay

Bonds Structured Finance Uruguay

Dominating Uruguay’s banking system, Banco de la República has outperformed the market in terms of profitability, but it faces many of the same difficulties as its compet...

Adecoagro Holders Prepare Additional Selldown

Argentina Equity Uruguay

Adecoagro shareholders are planning to sell as much as 55.8m shares in the farm operator, according to regulatory documents, an amount worth $417m at Tuesday’s $7.47 clos...

Uruguay Ties Up Tender

Bonds Uruguay

Uruguay is set to retire $760m in outstanding bonds following the close of the tender offer that accompanied Tuesday’s $2bn 2024 bond sale. The sovereign has accepted for...

Uruguay Taps Maximum LM Funds

Bonds Uruguay

Uruguay has issued a new 2024 bond, upsizing to a maximum $2bn permitted in a new liability management transaction targeting four series of dollar bonds. The sovereign go...

Uruguay Files Bond Shelf

Bonds Uruguay

Uruguay has filed with the US SEC to issue up to $4.28bn in debt. The shelf registration allows the sovereign to sell debt securities in one or more offerings. Uruguay wo...

Uruguay Meets Latin Accounts

Bonds Uruguay

Uruguay is visiting the Latin American buyside on a four-day roadshow this week, Azucena Arbeleche, director of debt management at the country’s finance ministry tells La...

Itau Picks Up Uruguayan Depositors

M&A Uruguay

Itau Unibanco has agreed to buy Citibank’s retail banking business in Uruguay, including credit cards and savings accounts. Citi’s Visa, Mastercard and Diners businesses ...

Uruguayan Advances IPO

Equity Uruguay

Union Agriculture Group (UAG) planned to list its shares as soon as today, ahead of an IPO that is expected in 2-3 months. The farmland developer is undergoing the listin...

UAG Aims for Montevideo IPO

Equity Uruguay

Union Agriculture Group (UAG) is preparing to raise $50m-$100m through an IPO in Uruguay – what would be the Montevideo Bolsa’s first IPO since 2006. The farmland develop...