Uruguay floats 2bn dollars in bonds to help spread debt payment

Wednesday, August 7th 2013 - 02:39 UTC

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Uruguay priced 2 billion dollars in 10-year benchmark sovereign bond on Tuesday at a spread of 187.5 basis points over US Treasuries as part of the government's bid to improve its debt profile, according to reports from Thomson Reuter’s unit IFR. The bond priced at 99.833 with a 4.5% coupon and 4.521% yield, according to IFR. Read full article

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ChrisR
The real way the strain on the government accounts should be tackled is to fire 50% of the government employees AT ALL LEVELS and re-educate them in modern business practices so that they become attractive to the private sector, as long as they get a work ethic and not a do anything but work ethic at the end of the training.

But I know that is wishful thinking for a government that puts “social inclusion” before any other parameter that it wants to be measured by.

All this debt is just storing trouble up for future generations and it is no wonder Vaquez is fixated by the ‘escalating debt that this “socialist” bunch of misfits has left for him.

It never ceases to amaze me how so many people are so uneducated in the economics of the real world and want the Cuban or The Dark Country “model” for themselves.

Lemmings springs to mind.
Aug 07th, 2013 - 02:06 pm - Link - Report abuse 0
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