Uruguay authorizes up to $500 mln in debt buyback
MONTEVIDEO, Sept 6 |
MONTEVIDEO, Sept 6 (Reuters) - Uruguay has approved the purchase of up to $500 million in government bonds as part of its debt management policies, according to a government decree published on Monday. (Reporting by Giovanna Fleitas; writing by Hilary Burke; editing by Jeffrey Benkoe)
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Comments (1)
SwissMaestro wrote:
Why is Uruguay doing a buy back? they should be selling as much debt as they can and just go the Argentine route ( the only country that has the right policy on doing business with the IMF ) not to mention Uruguay should not return money to investors they should be investing that in their citizens.
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