Uruguay This week reopening Global Dollar Bonds Linked to Climate Change Indicators (BIICC)Who are the buyers of the “green bond”?
Successful reopening. This is how they qualified from Ministry of Economy and Finance (MEF) The country’s return to international markets thanks to these innovative bonds with final maturity in October 20234, which includes a two-way interest rate structure such that their returns can vary – positively or negatively – depending on compliance with performance and sustainability indicators.
The transaction was equivalent to $700 million, with an interest rate of 5.6% annually, a difference of 95 basis points compared to the bank’s reference bond. United States Treasury. Demand from investors was for approx $2,701 million.
This process completes the government’s 2023 funding schedule and reaffirms Sovereign financing strategy Compatible with environmental goals uruguay, Diversifying the investor base in government securities, and accessing markets and other investors focused on sustainability goals.
139 investors from all over the world
There were 139 investors present on the order book, of which 15 were first-time investors in the bank’s sovereign securities. Uruguay. 89.5% of the demand for bonds came from these foreign accounts, while the rest came from national investors, according to official Ministry of Economy data.
Likewise, in international accounts, the bulk of the demand arose United State And the United kingdom, With the largest accounts focused on emerging markets with high credit ratings.
However, investors from Germany, Austria, Canada, Chile, Denmark, United Arab Emirates, Ireland, Japan, Netherlands, Czech Republic And Singapore. Even government agencies South Korea And Swiss.
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