Uruguay raises $2bn in LatAm’s biggest August week

By Francesca Young
07 Aug 2013

Uruguay paid a new issue premium of 27bp for $2bn of new long 10 year notes on Tuesday, with the impressive size taking total LatAm international bond issuance on the first few days of this week to $4.85bn.

The previous LatAm record for any week in August was $4.714bn in the first week of the month in 2011 – and that included $4.2bn from Venezuela.

DCM bankers said that new issue concessions should not be the top of issuers’ concerns given that rates are still close to historical lows.

This week Latin borrowers ...

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