Uruguay offers additional 4 3/8% dollar-denominated bonds due 2031, 4.975% bonds due 2055

Chicago, Sept. 24 – The Republic of Uruguay plans to price add-ons to its U.S. dollar-denominated 4 3/8% bonds due 2031 and 4.975% bonds due 2055 on Tuesday, according to a 424B3 filing with the Securities and Exchange Commission.

The 2031 bonds may be redeemed before maturity at Uruguay’s option.

Goldman Sachs & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. are joint bookrunners of the bonds.

The 2031 bonds will be fungible with the original $1.25 billion of bonds issued on Jan. 23, 2019.

The 2055 bonds will be fungible with the original $1.75 billion of bonds issued April 20, 2018.

The proceeds of the bonds will be used to repurchase 8% bonds due 2022, 4˝% notes due 2024 and 4 3/8% notes due 2027 and for general purposes of the government, including financial investment and the refinancing, repurchase or retiring of domestic and external debt.

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