Uruguay Announces Results of Global Tender Offer for Bonds
The Republic of Uruguay has announced the results of its global tender offer to repurchase bonds across three series: 2028 Ps. Bonds, 2027 USD Bonds, and 2028 UI Bonds. The maximum purchase amounts were set at US$22.6 million for the 2028 Ps. Bonds, US$49.7 million for the 2027 USD Bonds, and US$381.8 million for the 2028 UI Bonds. The tender offer expired on July 28, 2026, with all preferred tenders of the 2027 USD Bonds accepted in full due to not exceeding their maximum purchase amount. However, proration was applied to the 2028 Ps. and 2028 UI Bonds as tender amounts exceeded limits. No non-preferred tenders were accepted for any series. The repurchase prices per bond are fixed at Ps.1,035 for each Ps.1,000 of principal amount in the 2028 Ps. and 2028 UI Bonds, while USD bonds will be purchased at a set price per US$1,000.
Topics: bonds debt management government finance