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Uruguay launches $2 billion 36-year bonds at 165 bps over Treasuries
By Aleesia Forni
Virginia Beach, June 10 – Uruguay launched $2 billion of global bonds due 2050 at 165 basis points over Treasuries on Tuesday, according to a market source.
The notes launched at the tight end of guidance, which was set at 165 bps to 170 bps over Treasuries.
Initial guidance was set in the area of 170 bps over Treasuries.
Proceeds will be used for general purposes of the government, including financial investment and the refinancing, repurchase or retiring of domestic and external debt, and to fund a tender offer.
HSBC Securities and J.P. Morgan Securities LLC are managing the offering.
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