UNDERWRITING AGREEMENT dated March 4, 2003 among REPÚBLICA ORIENTAL DEL URUGUAY, BANCO CENTRAL DEL URUGUAY, AS FINANCIAL AGENT, and CITIGROUP GLOBAL MARKETS INC.Underwriting Agreement • March 18th, 2004 • Uruguay Republic Of • Foreign governments • New York
REPÚBLICA ORIENTAL DEL URUGUAY (the “Republic”) proposes to issue and sell to Citigroup Global Markets Inc. (the “Underwriter”) the principal amount of its securities identified in Schedule I hereto (the “Securities”). The Securities constitute a further issuance of, will be fungible with and consolidated and form a single series with, the Uruguayan Pesos (“Ps.”) 5,589,500,000 10.50% UI Bonds due 2006. The Securities will be issued pursuant to an Indenture, dated as of May 29, 2003 (the “Indenture”), among the Republic, Banco Central del Uruguay (“Banco Central”), as the Republic’s financial agent, and the trustee named therein (the “Trustee”). A copy of the executed Indenture was filed on June 9, 2003 as an exhibit to a post-effective amendment to the Registration Statement (as defined below) under Schedule B of the Securities Act of 1933, as amended (the “Securities Act”), dated March 11, 2003, of the Republic registering U.S.$3,000,000,000 (or an equivalent amount in other currencie
