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A&O Shearman advises on Republic of Uruguay USD1.5 billion bond offering and tender offer

A&O Shearman advises on Republic of Uruguay USD1.5 billion bond offering and tender offer
Published Date
Feb 17 2025
A&O Shearman represented the underwriters and dealer managers in connection with the Republic of Uruguay’s offering of approximately USD1.5bn 5.442% USD Bonds due 2037 and a concurrent cash tender offer for any and all of Uruguay’s 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.

A&O Shearman recently advised the Republic of Chile in connection with its USD-denominated and EUR-denominated bond offerings, and the underwriters in connection with the PEN-denominated bond offering and liability management by the Republic of Peru.

The A&O Shearman team was led by capital markets partner Alejandro A. Gordano and included capital markets visiting attorneys Moises Gonzalez Arroyo and Regina Odar as well as tax partner Lorenz Haselberger and tax associates Daniel Kachmar and Gil Shauly.

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