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Uruguay intends to price dollar-denominated bonds due 2031
By Rebecca Melvin
New York, Jan. 15 – The Republic of Uruguay plans to price U.S. dollar-denominated bonds due 2031 on Tuesday, according to a filing with the Securities and Exchange Commission.
The bonds may be redeemed in whole or in part before maturity at Uruguay’s option.
Itau BBA, JPMorgan and Scotiabank are joint bookrunners of the bonds, for which a listing on the Luxembourg Stock Exchange is expected.
The proceeds of the bonds will be used for general purposes of the government, including financial investment and the refinancing, repurchase or retiring of domestic and external indebtedness.
Uruguay was last in the international bond market in April with a $1.75 billion issue of 4.975% bonds due 2055.
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