Uruguay doubled a local-currency bond sale after bids hit nearly UYU 9.7 billion (US$242 million), showing strong investor appetite for Uruguay peso bonds.

Uruguay doubled a local-currency bond sale after bids hit nearly UYU 9.7 billion (US$242 million), showing strong investor appetite for Uruguay peso bonds.

Uruguay's MEF placed peso Treasury notes at a record-low 7.039% yield with demand 4.3x the offer, a sign of local-currency credibility.