The Central Government continues with the pre-funding policy that has been in place for the last years, which today places the Treasury in a comfortable position amidst the current financial turbulence.
In the first half of 2011, Uruguay successfully placed a 10-year Yen Samurai Bond at a yield of 1.64%, representing a spread of 43 basis points over the 10-year Yen reference rate.
Economy Minister Fernando Lorenzo said in a working lunch with local executives that in 2011, Uruguay is going to achieve the conditions that will enable the Republic to achieve investment grade.
In January 2011, the Central Government issued in the domestic market Notes in Uruguayan Pesos (UYU) and in Indexed Units (Linked to CPI) equivalent to USD 1,256 million.
