República Oriental del Uruguay‘s Placement of InauguralCHF 320 Million

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On 26 June 2025, the República Oriental del Uruguay, acting through the Ministry of Economy and Finance of the Republic of Uruguay and represented by the Sovereign Debt Management Unit, placed a total of CHF 320 million bonds in the Swiss market. The bonds comprised two equal tranches of CHF 160 million at 5 and 10-year maturities. The annual yield in CHF was 1.04% for the 5-year and 1.62% for the 10-year bond, respectively. The bonds will be listed on the SIX Swiss Exchange. The funding exercise had two goals: advance Uruguay’s 2025 international financing program based on projected funding needs and diversify financing sources (by currencies and investor base) by accessing advanced economies’ markets with lower interest costs.

BNP PARIBAS and UBS AG acted as Joint Lead Managers.

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