UNDERWRITING AGREEMENT Dated May 13, 2021 REPÚBLICA ORIENTAL DEL URUGUAY, acting through the Ministry of Economy and Finance AND BOFA SECURITIES, INC. AND HSBC SECURITIES (USA) INC. AND SANTANDER INVESTMENT SECURITIES INC. UNDERWRITING AGREEMENT...Underwriting Agreement • May 26th, 2021 • Uruguay Republic Of • Foreign governments • New York
REPÚBLICA ORIENTAL DEL URUGUAY acting through the Ministry of Economy and Finance (the “Republic”) proposes to issue and sell to the underwriters named in Schedule II hereto (the “Underwriters”) (i) Ps. 51,332,112,000 aggregate principal amount of its Uruguayan Peso-denominated 8.250% Bonds due 2031 (the “Peso Bonds”) and (ii) an additional U.S.$ 574,373,000 aggregate principal amount of its 4.375% USD Bonds due 2031 (the “Reopening 2031 Bonds” and together with the Peso Bonds, the “Securities”). The Securities will be issued pursuant to the indenture dated as of October 27, 2015, as supplemented by the supplemental indenture dated as of June 24, 2020 (the “Indenture”), among the Republic and The Bank of New York Mellon, as trustee (the “Trustee”). A form of the Indenture was filed on October 19, 2015 with the U.S. Securities and Exchange Commission (the “Commission”).
