MercoPress. South Atlantic News Agency

Uruguay issues Swiss franc bonds for the first time

Uruguay issued sovereign bonds in Swiss francs for the first time Thursday, totaling 320 million (about US$400 million) to help finance a US$6 billion fiscal deficit in 2025. The bonds, with five- and ten-year terms, carry an average annual interest rate of 1.33%. Economy Minister Gabriel Oddone highlighted the favorable interest rates and noted that Uruguay was the only Latin American country currently issuing bonds in this currency, tapping into a market of high-quality investors. Read full article