NEW YORK, June 10 (IFR) - The Oriental Republic of Uruguay, rated Baa2/BBB-, has tightened price guidance on its upcoming issue of a 36-year US dollar bond.
The sovereign has set final guidance of 165bp-170bp over US Treasuries for the issue, tight to initial price thoughts of 170bp area.
HSBC and JP Morgan are the lead managers on the SEC-registered bond offering, which is expected to launch and price Tuesday.
The notes will amortize in equal amounts over the last three years to maturity. (Reporting by Davide Scigliuzzo; Editing by Natalie Harrison)