CapLaw-2025-44

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…