NEW YORK, June 10 (IFR) - The Oriental Republic of Uruguay,
rated Baa2/BBB-, has opened books on a new 36-year bond
denominated in US dollars, according to market sources.
The sovereign has set initial price thoughts of 170bp over
US Treasuries for the issue, which amortizes in equal amounts
over the last three years to maturity.
HSBC and JP Morgan are the lead managers on the
SEC-registered bond offering, which is expected to launch and
(Reporting by Davide Scigliuzzo; editing by Alex Chambers)