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Uruguay sets final guidance on 36-year US dollar bond
June 10, 2014 / 7:05 PM / 3 years ago

Uruguay sets final guidance on 36-year US dollar bond

NEW YORK, June 10 (IFR) - The Oriental Republic of Uruguay, rated Baa2/BBB-, has tightened price guidance on its upcoming issue of a 36-year US dollar bond.

The sovereign has set final guidance of 165bp-170bp over US Treasuries for the issue, tight to initial price thoughts of 170bp area.

HSBC and JP Morgan are the lead managers on the SEC-registered bond offering, which is expected to launch and price Tuesday.

The notes will amortize in equal amounts over the last three years to maturity. (Reporting by Davide Scigliuzzo; Editing by Natalie Harrison)

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