Cleary Gottlieb Steen & Hamilton has advised Uruguay in a $1.8 billion local currency debt offering and swap. This comes as part of a continued wave of sovereign issuance from Latin America this year, with nations addressing various refinancing and spending needs. The firm has also been active with multiple issuances from other countries in the region, such as Mexico, which remains one of the most frequent issuers in the international credit markets.
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