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LatinNews Daily - 14 May 2021

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In brief: Uruguay bond issue

* Uruguay’s economy & finance ministry (MEF) has reported that the country has placed US$1.6bn worth of a new 10-year peso-denominated sovereign bond in the international markets and raised an additional US$574m from the reopening of a US dollar-denominated bond that also matures in 2031. The operation was described as successful by MEF head, Azucena Arbeleche, who said that it underlines foreign investor confidence in Uruguay’s economy. Arbeleche highlighted that the novel peso denominated bond offered an interest rate of 8.25%, the lowest ever offered for such letters. “It is important to point out that our country is the first to issue debt in its own currency this year in international capital markets. This speaks of the global confidence that there is for Uruguay’s currency”, Arbeleche said.