By Reshmi Basu
New York, May 10 - The Republic of Uruguay resurrected an offering of $300 million of 12-year bonds Tuesday, according to a market source.
The new bonds priced at par to yield 9¼%.
Uruguay postponed the deal on April 14, citing market volatility. Revised talk on the postponed issue was 9¼% to 9 3/8%.
Citigroup was the sole bookrunner for the new sovereign.
| Issuer: | Republic of Uruguay
|
| Amount: | $300 million
|
| Issue: | Sovereign
|
| Maturity: | May 17, 2017
|
| Coupon: | 9¼%
|
| Issue price: | Par
|
| Yield: | 9¼%
|
| Pricing date: | May 10
|
| Settlement date: | May 17
|
| Bookrunner: | Citigroup
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B
|
| Fitch: B+
|
|
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