Uruguay to buy back $105m of bonds
South American sovereign Uruguay will use some of the proceeds from its Ps31.603bn ($1.1bn) of new 10 year local bonds to buy back nearly $105m of old dollar and inflation-linked notes.
The day before launching its new peso-denominated issue, Uruguay had announced a tender offer for its 8% 2022s and 4.5% 2024s, both denominated in dollars, as well as its 5% 2018s and 4.25% 2027s — both peso-denominated and linked to inflation.
Uruguay said on Friday that it would
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