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Abonner The Republic of Uruguay

The Republic of Uruguay

Uruguay Announces Final Results of its International Offer

Montevideo (ots/PRNewswire)

The Republic of Uruguay, in
accordance with the schedule of its offer launched on June 24, 2008
to holders of 14 series of outstanding foreign currency external
bonds of Uruguay (the "Eligible Bonds") outside the United States
(the "International Offer"), announced today that it expects to
issue:
(a) U.S.$134.96 million aggregate principal amount of its U.S.
Dollar 7.625% Bonds due 2036 (CUSIP No. 760942AS1; ISIN US760942AS16
and Common Code 024873811), and
(b) Ps.14,650 million aggregate principal amount of its 4.00% UI
Bonds due 2030 (CUSIP P80557AD6; ISIN USP80557AD64 and Common Code
037546534) for which the initial value of one UI will be 1.8133 Ps.,
in exchange for Eligible Bonds tendered in the International
Offer and in the concurrent offer in the United States and in
exchange for certain other debt securities of the Republic tendered
in the concurrent domestic exchange offer. The International Offer
and the concurrent exchange offers are expected to settle on July 10,
2008. The aggregate principal amount of each series of Eligible Bonds
accepted in the International Offer and the concurrent offer in the
United States are set forth in the following table.
Aggregate
                   principal                Aggregate
                     amount     Principal   principal
                   currently     amount      amount
                  outstanding   tendered
      Eligible                                 not
        Bonds                               tendered
      EUR Bonds
    7.000% Bonds   43,270,000    332,000   42,938,000
      due 2011
    7.000% Bonds   41,350,000   3,239,620  38,110,380
      due 2012
      USD Bonds
    7.875% Bonds   47,530,000    137,500   47,392,500
      due 2008
    7.875% Bonds   1,270,000     60,000     1,210,000
      due 2009
    7.250% Bonds   4,290,000        -       4,290,000
      due 2009
    8.750% Bonds   1,950,000        -       1,950,000
      due 2010
    7.250% Bonds  103,410,000  11,559,711  91,850,289
      due 2011
    8.375% Bonds   29,980,000   1,565,800  28,414,200
      due 2011
    7.625% Bonds   1,960,000     150,000    1,810,000
      due 2012
    7.000% Bonds   39,500,000    464,854   39,035,146
      due 2013
    7.875% Bonds   6,800,000    1,198,886   5,601,114
      due 2014
    7.250% Bonds   17,800,000    726,618   17,073,382
      due 2014
    7.500% Bonds  392,400,000  100,532,907 291,867,093
      due 2015
    8.750% Bonds   24,100,000   3,715,868  20,384,132
      due 2015
This press release is for information purposes only and does not
constitute or form part of, and should not be construed as an offer
or an invitation to sell, or issue or the solicitation of any offer
to buy or subscribe for, any securities. In connection with this
transaction there has not been, nor will there be, any public
offering of the New Bonds. No prospectus will be prepared in
connection with the offering of the New Bonds. The New Bonds may not
be offered to the public in any jurisdiction in circumstances that
would require the issuer of the New Bonds to prepare or register any
prospectus or offering document relating to the Bonds in such
jurisdiction. The distribution of this press release and the offer
and sale of the New Bonds in certain jurisdictions may be restricted
by law. Italy has only partially implemented the Prospectus Directive
and, accordingly, the provisions of the Prospectus Directive shall
apply with respect to Italy only to the extent to which the relevant
provisions of the Prospectus Directive have already been implemented
in Italy. The New Bonds may not be placed, sold or offered to
individuals resident in Italy in the primary or in the secondary
market. Any persons reading this press release should inform
themselves of and observe any such restrictions.
This press release does not constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United
States. The 2030 UI Bonds have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act") or the laws of any state within the U.S., and may not be
offered or sold in the United States or to or for the account or
benefit of U.S. persons, except in a transaction not subject to, or
pursuant to an applicable exemption from, the registration
requirements of the Securities Act or any state securities laws. This
press release and the information contained herein may not be
distributed or sent into the United States, or in any other
jurisdiction in which offers or sales of the securities described
herein would be prohibited by applicable laws and should not be
distributed to United States persons or publications with a general
circulation in the United States. No offering of the 2030 UI Bonds is
being made in the United States.
Until 40 days after the settlement date, all dealers effecting
transactions in the 2036 Global Bonds in the United States may be
required to deliver a copy of a prospectus relating to the 2036
Global Bonds.
This press release does not constitute a "prospectus" for the
purpose of Article 5.4 of the Prospectus Directive 2003/71/EC and has
not been approved by the competent authority of any member state of
the European Economic Area.

Contact:

Media contact: Azucena Arbeleche, +2-1712-2957

Plus de actualités: The Republic of Uruguay
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  • 27.06.2008 – 22:29

    Uruguay Announces Results of its International Offer

    Montevideo, Uruguay (ots/PRNewswire) - The Republic of Uruguay, in accordance with the schedule of its offer launched on June 24, 2008 to holders outside the United States (the "International Offer") of 14 series of outstanding foreign currency external bonds of Uruguay (the "Eligible Bonds") to exchange those bonds for either Uruguayan Pesos UI Bonds due 2030 (the "2030 UI Bonds") or U.S. Dollar 7.625% Bonds due 2036 ...

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