By Christine Van Dusen
Atlanta, July 14 – Uruguay released details on the pricing of $1,147,000,000 in taps of its 4 3/8% notes due Oct. 27, 2027 and 5.1% notes due June 18, 2050.
The deal included $400 million notes due 2027 that priced at 107.295 to yield 3.582%, or Treasuries plus 205 basis points.
The $747 million notes due 2050 priced at 102.832 to yield 4.927%, or Treasuries plus 275 bps.
The original $700 million issue of 2027 bonds priced on Oct. 27, 2015. The sovereign printed a total of $3.2 billion of the 2050 notes on June 18, 2014 and Feb. 26, 2015.
Barclays, BNP Paribas and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general governmental purposes.
| Issuer: | Uruguay
|
| Amount: | $1,147,000,000
|
| Description: | Notes
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| Bookrunners: | Barclays, BNP Paribas, JPMorgan
|
| Trade date: | July 13
|
| Ratings: | Moody's: Ba2
|
| S&P: BBB
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| Distribution: | Securities and Exchange Commission registered
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|
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| Amount: | $400 million
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| Maturity: | Oct. 27, 2027
|
| Coupon: | 4 3/8%
|
| Price: | 107.295
|
| Yield: | 3.582%
|
| Spread: | Treasuries plus 205 bps
|
|
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| Amount: | $747 million
|
| Maturity: | June 18, 2050
|
| Coupon: | 5.1%
|
| Price: | 102.832
|
| Yield: | 4.927%
|
| Spread: | Treasuries plus 275 bps
|
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