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Uruguay did not pay much new issue premium, if any
A normalisation of Argentinian borrower access to markets has helped spur issuance
Issuance in euros by LatAm & Caribbean sovereigns is at record levels
The sovereign priced inside paper of similar maturity from Brazil and Colombia
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Sovereign drops seven year and sees limited price tension but hits size target -
Recovery in sentiment has wobbled in run-up to Jackson Hole
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If there were lots of pent-up supply, more issuers would have jumped through the recent window
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LatAm supra has now raised more in Swiss francs than in any year since 2015
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The sovereign first presented the framework to Japanese investors in 2020
