Uruguay jumps on rally to sell longest EM sovereign deal of 2016

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Uruguay jumps on rally to sell longest EM sovereign deal of 2016

Danilo Astori, Jose Mujica, Uruguay
Jose Mujica, presidential candidate of the ruling party Frente Amplio, left, and Vice presidential candidate Danilo Astori campaign in Montevideo, Saturday, Oct. 17, 2009. Uruguay's general elections are scheduled for Oct. 25. (AP Photo/Matilde Campodonico) | Matilde Campodonico/AP/Press Association Images

South American sovereign Uruguay raised $1.147bn of bonds on Wednesday via a tap of its 2027s and 2050s in the longest maturity EM sovereign bond sale of the year.

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