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Emerging MarketsEM LatAm

Falling inflation helps stable Uruguay find backing for peso deal

Uruguay, Punta del este, beach, LatAm, Southern Cone, 575

Uruguay, considered the most promising credit story among Latin America's investment grade sovereigns, raised $1.74bn-equivalent in pesos and dollars on Thursday, becoming the first sovereign from the region to issue local currency abroad in 2021 — as it was in 2020.

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