Uruguay ponders sovereign SLB possibilities after LatAm ESG rush

Herman Kamil, Uruguay, DMO, DMU, debt management office, public credit, LatAm, 575
By Oliver West
19 Feb 2021

As Uruguay looks to follow a recent surge of sustainability-themed bond issuance from Latin American borrowers with an ESG bond of its own, one of the options it is weighing up is a sustainability-linked bond — a format that has so far only been used by corporate borrowers.

Herman Kamil, director of Uruguay’s debt management unit, argues that the country is “widely recognised” as having “strong ESG credentials” among EM nations.“Uruguay has been at the forefront in environmental policies, and has solid institutional and democratic foundations,” he says. Indeed, Uruguay has the second highest ...

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