News

A&O Shearman advises on the Republic of Uruguay's bond offering and tender offer

Published Date
Sep 11 2024
A&O Shearman represented the underwriters and dealer managers in connection with the Republic of Uruguay’s offering of approximately USD1.3 billion 5.25% USD Bonds due 2060 and a concurrent cash tender offer for any and all of Uruguay’s 6.875% Global Bonds due 2025, 4.375% Global Bonds due 2027 and 4.375% Global Bonds due 2031.

Uruguay intends to use the proceeds of the sale of the bonds for the refinancing, repurchase or retiring of domestic and external indebtedness, and the remainder for general purposes of the government, including financial investments.

The A&O Shearman team was led by Capital Markets partner Alejandro A. Gordano and included Capital Markets visiting attorneys Marcello Pompilio and Moises Gonzalez Arroyo as well as Tax partner Lorenz Haselberger and Tax associates Daniel Kachmar and Gil Shauly.

Related capabilities