Uruguay reaffirms peso commitment
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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