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Uruguay Eyes Its Debut ESG-Linked Bond to Tackle Climate Change

  • Mandates banks to arrange calls for potential dollar SLB sale
  • It will become the second nation to issue an SLB after Chile
Solar Panel Manufacturing at Hanwha Solutions
Photographer: SeongJoon Cho/Bloomberg

Uruguay is testing potential investor interest for its first-ever bond sale meant to benefit the environment and society.

The nation has asked Credit Agricole SA., HSBC Holdings Plc, JPMorgan Chase & Co. and Banco Santander SA to arrange a series of fixed-income investor calls commencing on Tuesday, according a person with knowledge of the matter. A dollar-denominated sustainability-linked bond deal maturing in 12 years may follow, the person said.