Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

Wednesday, June 11th 2014 - 01:48 UTC

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Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported. Read full article

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ChrisR
So “No Money Pepe” is kicking the can down the road so that not only will the next generation have to deal with the “difficulties” the generation after that will be indebted by him also.

And this from a country of just 3,286,314 people!

I think S&P got it right.
Jun 11th, 2014 - 12:44 pm - Link - Report abuse 0
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ilsen
On inter-country debt and idelogical bed-buddies such as Pepe, Venezuela currently owes Brazil $4.5 BILLION.
Venezuela has the world's largest reserves of 'heavy' crude but needs the USA to refine it.
Hmmm.....
Why is Mercopress NOT reporting on the chaos in Venezuela?
People are dying.
The Government is massively corrupt.
There is critical insecurity and constant danger in the streets.
A critical lack of medicine.
The World’s highest Inflation Rate.

A critical lack of basic goods and services.
An ideological take-over leading to a Vene-Cuban form of enforced indentured state-dependency.
Widespread media censorship.
Constant repression of political opposition.
THOUSANDS illegally jailed without trial.
Daily torture and abuse of the Human Rights of the population.
Why does Latin America remain silent?
Why is Mercopress NOT reporting on the chaos in Venezuela?
Jun 11th, 2014 - 10:02 pm - Link - Report abuse 0
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Stevie
Ilsen
Because they need to kill enough Eastern Ukraninans before pointing fingers...
Jun 12th, 2014 - 05:20 am - Link - Report abuse 0
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ilsen
Stevie
Who does? Mercopress? Venezuela? Brazil? What are you on about now?
Please engage brain before posting....
Jun 12th, 2014 - 06:41 am - Link - Report abuse 0
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