Home South AmericaUruguay Uruguay launched a new global bond issue in pesos and a repurchase offer

Uruguay launched a new global bond issue in pesos and a repurchase offer

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Uruguay launched a new global bond issue in pesos and a repurchase offer

Economy and Business > Public debt

The operation includes management of short-term liabilities, through the repurchase of global bonds in dollars, nominal pesos and Indexed Units

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July 11, 2023 at 11:01

The Uruguayan government announced on Tuesday the issuance of a new global bond in nominal pesos at a fixed rate (not indexed to inflation) maturing in July 2033.

The operation includes management of short-term liabilities, through the repurchase of global bonds in dollars, nominal pesos and Indexed Unitsas reported on Tuesday by the Debt Management Unit of the Ministry of Economy and Finance (MEF).

In this way, supported by the drop in inflation and the improvement in the rating of risk agencies, Uruguay returns to the international debt markets.

The operation will cover part of the financing needs foreseen for 2023, estimated at US$ 4,898 million.

This is the fourth time that the government would carry out an operation of these characteristics. In May 2021, Uruguay issued a global bond in nominal pesos (not indexed to inflation) maturing in 2031.

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