Uruguay reaffirms peso commitment

Punta del Este, Enjoy, LatAm, Uruguay
By Oliver West
14 Sep 2017

Uruguay’s head of sovereign debt management said that the sovereign was committed to developing its global nominal peso-denominated bond curve in an interview with GlobalCapital about the country’s latest local currency issue last week.

After Uruguay sold $1.1bn-equivalent of peso-denominated bonds due March 2028 on September 7 — its longest-ever nominal, fixed rate issue in local currency — Herman Kamil said that the government would look to continue to develop the global nominal curve. 

“This went beyond a financing exercise,” Kamil told GlobalCapital. ...

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