Uruguay plans to complete its $4.3 billion bond funding program this year by issuing local currency debt on the domestic capital market as slowing inflation helps the government reduce its reliance on US dollar borrowings, Finance Minister Azucena Arbeleche said in an interview.
Uruguay has already raised more than $2.6 billion from local currency bonds sold at home and abroad so far this year including a 10-year fixed-rate global bond denominated in pesos, according to finance ministry data.
Read More : Uruguay Finance Chief Plans to Issue More Local Currency Bonds in 2023