Uruguay's DMU recognized as Debt Management Office of the year for Latin America
October 14th, 2020. The journal Global Markets recognized Uruguay's Debt Management Unit as the Debt Management Office of the year for Latin America.
Global Markets highlighted that Uruguay picks the right moment to issue debt and keeps a local focus. The journal recalled that "when Covid 19 broke into emerging markets in March, Uruguay was also affected and bond yields soared 150 basis points more". But according to Global Markets, Uruguay "has been the exception in Latin America in 2020" when it finally issued in the international market last June taking an unusual path: USD 1.6bn-equivalent of its USD 2.0bn deal was in local currency through a rare global inflation-linked bond.
Access Global Markets Press Release here.