Uruguay to unveil local market deal with Euroclear, Clearstream
Uruguay is in advanced discussions with clearing houses to make it easier for international investors to participate in its local curve, as the sovereign looks to integrate its domestically issued notes with the nominal global peso curve established this year.
The director of Uruguay’s debt management unit told GlobalCapital that the next step in the sovereign’s market development process was to establish a connection with international clearing houses.
“These are the main depositaries used by foreign investors,” Herman Kamil said. “We are of the view that if we can
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