Uruguay issues Swiss franc bonds for the first time

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 int