RIO DE JANEIRO, BRAZIL – Uruguay issued this Thursday a new global bond in Uruguayan pesos for the equivalent of US$1.166 billion and reopened a bond in dollars for US$574 million both with a 10-year maturity.
This was announced at a press conference by the country’s Minister of Economy and Finance, Azucena Arbeleche, who described the debt issuance as “successful” and stressed that it demonstrated investors’ confidence in the Uruguayan economy.
Uruguay issues two new global bonds for US$1.166 billion and US$574 million. (Photo internet reproduction)
Regarding the bond in local currency, which she considered the “star instrument”, Arbeleche detailed that it is an issue for the equivalent in nominal pesos of US$1.166 billion with an interest rate of 8.25% per annum, which, she added, is the lowest in the historical comparison of Uruguay’s issues.
Uruguay emitió bonos en dólares y pesos nominales en el mercado internacional por más de 1.740 millones de dólares presidencia.gub.uy - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from presidencia.gub.uy Daily Mail and Mail on Sunday newspapers.
Uruguay has seen heightened institutional interest for a local currency deal as it prepares to raise debt in the international market for the first time this year, according to the country s head of debt management Herman Kamil. There are many reasons we decided to launch the roadshow. Until yesterday US Treasury rates were stable and we have seen institutional investor appetite for a local currency transaction given Uruguay s inflation is decelerating, Kamil told IFR on Wednesday.
The sovereign launched a roadshow on May 10, ahead of an expected SEC-registered and/or 144A/Reg S transaction denominated in local currency and US dollars. The deal is being led by
For green finance enthusiasts, a new flavor of debt could emerge this year nature bonds.
Sales of green bonds which typically raise money for clean energy projects are expected to grow by a third this year to record levels, as governments and companies look to capitalize on booming demand at the same time as bolstering their image. Yet academics and activists say this alone isn’t enough to save the planet.
They’re lobbying for securities that more explicitly protect the natural world and are likely to get a hearing from policymakers when the United Nations meets in coming months to discuss biodiversity and climate change. Those issues are climbing up the agenda as governments decide how to spend trillions to recover from the virus.
Debt engineers tackle climate change with bonds to rewild land japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.