Uruguay Announces Tender Offers for Global and Local Bonds
The Republic of Uruguay has announced the commencement of two tender offers to repurchase its outstanding bonds. A global offer (the "Global Tender Offer") targets specific series of Global Ps. Bonds, Global USD Bonds, and Global UI Bonds, with a fixed purchase price per principal amount as outlined in the announcement. The settlement is scheduled for August 3, 2026. In parallel, Uruguay also launched a local tender offer (the "Local Tender Offer") to repurchase Treasury Notes and Monetary Regulation Bills under specific terms detailed in an information memorandum dated July 28, 2026. Both offers are part of broader debt management strategies aimed at restructuring obligations ahead of upcoming maturities. The Global Tender Offer is conditional on the pricing (but not closing) of new bond offerings for Peso- and USD-denominated bonds to be announced later that day.
Topics: bond tender global bonds local securities Uruguay debt management