June 1st, 2017. The Republic, rated Baa2/BBB/BBB- (Negative/Stable/Stable) by Moody's, S&P, and Fitch, has appointed BBVA, Bank of America Merrill Lynch and Morgan Stanley to arrange a series of fixed-income investor meetings in Latin America, the U.S. and Europe commencing on June 2nd.

A new benchmark-sized, nominal fixed-rate UYU-denominated Global bond with intermediate maturity under 144A / Reg S and a liability management transaction may follow, subject to market conditions. Representatives for the Republic of Uruguay will be:

• Herman Kamil – Director of Debt Management Unit at Ministry of Economy and Finance
• Antonio Juambeltz – Senior Financial Advisor of Debt Management Unit at Ministry of Economy and Finance
• Alberto Graña – Manager of Economic Policy and Markets Division at the Central Bank

 

The roadshow schedule will be as follows:

Friday, June 2nd: Montevideo
Monday, June 5th: London
Tuesday, June 6th: London
Wednesday, June 7th: New York
Thursday, June 8th: Boston
Friday, June 9th: Los Angeles

This announcement shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referred to in this announcement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or the Securities Act, or under any U.S. State securities laws. The securities will be offered only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) and to persons other than U.S. persons outside the United States in compliance with Regulation S of the Securities Act. Potential prospective purchasers that are qualified institutional buyers are hereby notified that the potential sellers of the securities referred to in this announcement may rely on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. The securities referred to in this announcement will not be transferable except in accordance with the restrictions to be described under “Transfer Restrictions” in the relevant Preliminary Offering Memorandum.

This announcement has been prepared on the basis that any offer of securities in any Member State of the European Economic Area will be made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of securities. The expression Prospectus Directive means Directive 2003/71/EC (as amended), and includes any relevant implementing measure in the Member State concerned.

This announcement is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates will be available only to relevant persons and will be engaged in only with relevant persons.

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independent of each other securities rating.

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