Uruguay instructs Cleary Gottlieb on $1.75bn offering
Cleary Gottlieb advised the Republic of Uruguay in a new money offering of $1.75 billion 4.975% Notes due 2055.
The offering priced on April 12 and closed on April 20, 2018. The transaction was made concurrent with an offer to purchase for cash certain series of outstanding bonds of Uruguay, which launched and expired on April 12, 2018.
BBVA Securities, Citigroup Global Markets, and HSBC Securities acted as underwriters for the offering and joint dealer managers for the tender offer.
The Cleary team included partners Andrés de la Cruz in Buenos Aires and Erika Nijenhuis in New York.
