Obligation Uruguaya 8% ( US917288BC52 ) en USD

Société émettrice Uruguaya
Prix sur le marché 100 %  ▼ 
Pays  Uruguay
Code ISIN  US917288BC52 ( en USD )
Coupon 8% par an ( paiement semestriel )
Echéance 17/11/2022 - Obligation échue



Prospectus brochure de l'obligation Uruguay US917288BC52 en USD 8%, échue


Montant Minimal 100 000 USD
Montant de l'émission 1 804 863 230 USD
Cusip 917288BC5
Description détaillée L'Uruguay est une république parlementaire d'Amérique du Sud, connue pour son économie stable, son système démocratique robuste et sa culture riche influencée par l'Europe et l'Amérique latine.

L'Obligation émise par Uruguaya ( Uruguay ) , en USD, avec le code ISIN US917288BC52, paye un coupon de 8% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 17/11/2022







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424B2 1 y13442e424b2.htm FILED PURSUANT TO RULE 424(B)(2)
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Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-124476
PROSPECTUS SUPPLEMENT
TO PROSPECTUS DATED MAY 2, 2005


República Oriental del Uruguay

acting through Banco Central del Uruguay as its Financial Agent

US$200,000,000
8.00% Bonds due 2022


Maturity
Listing
The bonds will mature on November 18, 2022.
Application will be made to admit the bonds to the
Official List of the UK Listing Authority and to admit the
bonds to trading on the regulated market of the London
Stock Exchange.


Payment of Principal
Status
Principal will be paid in three equal installments on
Direct, unconditional and unsecured external indebtedness
November 18, 2020, November 18, 2021 and on the
of Uruguay.
maturity date.



Interest
Issuance
Interest to be paid in on November 18 and May 18 of
Issued through the book-entry system of The Depositary
each year, commencing on May 18, 2006.
Trust Company on or about November 18, 2005.

The bonds contain collective action clauses with provisions regarding future modifications to the terms of debt
securities issued under the indenture. Under those provisions, which are described beginning on page 8 of the
prospectus and page S-15 of this prospectus supplement, modifications affecting the reserve matters listed in the
indenture, including modifications to payment and other important terms, may be made to a single series of debt
securities issued under the indenture with the consent of the holders of 75% of the aggregate principal amount
outstanding of that series, and to multiple series of debt securities issued under the indenture with the consent of the
holders of 85% of the aggregate principal amount outstanding of all series that would be affected and 66-2/3% in
aggregate principal amount outstanding of each affected series.







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Per Bond
Total

US
Public Offering Price1

98.237%
$ 196,474,000
US
Underwriting Discount


0.30%
$
600,000
US
Proceeds, before expenses, to Uruguay

97.937%
$ 195,874,000

1You will also pay additional accrued interest from November 18, 2005 if settlement occurs after that date.
Investing in the bonds involves risks. See, especially, "Investment Considerations" on page S-5 of this prospectus
supplement.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the
prospectus to which it relates. Any representation to the contrary is a criminal offense.

UBS Investment Bank
The date of this prospectus supplement is November 15, 2005.

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Table of Contents
TABLE OF CONTENTS






Page
Prospectus Supplement







INTRODUCTION

S-1
INCORPORATION BY REFERENCE

S-1
SUMMARY OF THE OFFERING

S-3
INVESTMENT CONSIDERATIONS

S-5
USE OF PROCEEDS

S-7
RECENT DEVELOPMENTS

S-7
DESCRIPTION OF THE BONDS

S-14
CLEARANCE AND SETTLEMENT

S-20
PLAN OF DISTRIBUTION

S-24
FORWARD-LOOKING STATEMENTS

S-26
GENERAL INFORMATION

S-27




Prospectus







ABOUT THIS PROSPECTUS


1
FORWARD-LOOKING STATEMENTS


1
DATA DISSEMINATION


2
USE OF PROCEEDS


2
DESCRIPTION OF THE SECURITIES


3
TAXATION

17
PLAN OF DISTRIBUTION

19
OFFICIAL STATEMENTS

20
VALIDITY OF THE SECURITIES

20
AUTHORIZED REPRESENTATIVE

21
WHERE YOU CAN FIND MORE INFORMATION

21

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INTRODUCTION
When you make your investment decision, you should rely only on the information contained or
incorporated by reference in this prospectus supplement and the accompanying prospectus. Uruguay has not
authorized anyone to provide you with information that is different. This document may only be used where it
is legal to offer and sell these securities. The information in this prospectus supplement and the prospectus
may only be accurate as of the date of this prospectus supplement or the prospectus, as applicable.
Uruguay is furnishing this prospectus supplement and the prospectus solely for use by prospective investors in
connection with their consideration of a purchase of the bonds. After having made all reasonable inquiries, Uruguay
confirms that:
· the information contained in this prospectus supplement and the accompanying prospectus is true and correct
in all material respects and is not misleading as of the date of this prospectus supplement or the
accompanying prospectus, as applicable;
· it holds the opinions and intentions expressed in this prospectus supplement and the accompanying
prospectus;
· to the best of its knowledge and belief, it has not omitted other facts, the omission of which would make this
prospectus supplement or the accompanying prospectus as a whole misleading as of the date of this
prospectus supplement or the accompanying prospectus, as applicable; and
· it accepts responsibility for the information it has provided in this prospectus supplement and the
accompanying prospectus.
The bonds that Uruguay issues in the United States are being offered under Uruguay's registration statement (file
no. 333-124476) (the "Registration Statement") initially filed with the United States Securities and Exchange
Commission (the "SEC") under the Securities Act of 1933 (the "Act") on April 29, 2005. The accompanying
prospectus is part of that registration statement, which became effective on May 2, 2005. The accompanying
prospectus provides you with a general description of the debt securities that Uruguay may offer. This prospectus
supplement contains specific information about the terms of the bonds and may add or change information provided
in the accompanying prospectus. Consequently, you should read this prospectus supplement together with the
accompanying prospectus, as each contains information regarding Uruguay, the bonds and other matters.
INCORPORATION BY REFERENCE
The SEC allows Uruguay to incorporate by reference some information that Uruguay files with the SEC. Uruguay
can disclose important information to you by referring you to those documents. The following documents, which
Uruguay has filed or will file with the SEC, are considered part of and incorporated by reference in this prospectus
supplement and any accompanying prospectus:
· Uruguay's annual report on Form 18-K for the year ended December 31, 2004, filed with the SEC on
April 29, 2005;
· Amendment No. 1 on Form 18-K/A to the Annual Report, filed with the SEC on May 23, 2005;
· Amendment No. 2 on Form 18-K/A to the Annual Report, filed with the SEC on June 17, 2005;

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· Amendment No. 3 on Form 18-K/A to the Annual Report, filed with the SEC on August 4, 2005;
· Any amendment on Form 18-K/A to the 2004 annual report filed after the date of this prospectus supplement
and prior to the termination of the offering of the bonds; and
S-1
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· Each subsequent annual report on Form 18-K and any amendment on Form 18-K/A filed after the date of
this prospectus supplement and prior to the termination of the offering of the bonds.
Later information that Uruguay files with the SEC will update and supersede earlier information that it has filed.
Any person receiving a copy of this prospectus supplement may obtain, without charge and upon request, a copy
of any of the above documents (including only the exhibits that are specifically incorporated by reference in them).
Requests for such documents should be directed to:
Banco Central del Uruguay
C. Correo 1467
11100, Montevideo
República Oriental del Uruguay
Fax No.: 598-2-902-1636
Attention: General Manager
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SUMMARY OF THE OFFERING
The information below presents a summary of certain terms of the US$200,000,000 8.00% Bonds due 2022 (the
"bonds"). This summary must be read as an introduction to this prospectus supplement and prospectus and any
decision to invest in the bonds should be based on a consideration of the prospectus supplement and prospectus as a
whole, including the documents incorporated by reference. Following the implementation of the relevant provisions
of the Prospectus Directive (Directive 2003/71/EC) in each Member State of the European Economic Area no civil
liability will attach to Uruguay in any such Member State solely on the basis of this summary, including any
translation thereof, unless it is misleading, inaccurate or inconsistent when read together with the other parts of this
prospectus supplement or the prospectus. Where a claim relating to the information contained in this prospectus
supplement or the prospectus is brought before a court in a Member State of the European Economic Area, the
plaintiff may, under the national legislation of the Member State where the claim is brought, be required to bear the
costs of translating this prospectus supplement or the prospectus before the legal proceedings are initiated.



Issuer

The Republic of Uruguay.



Indenture

The bonds are being issued under a trust indenture.



Principal Amount

US$200,000,000.



Issue Price
98.237% of the principal amount plus interest accrued from

November 18, 2005.



Final Maturity

November 18, 2022.



Interest
8.00% per annum, payable semi-annually in arrears on May 18
and November 18 of each year, commencing on May 18, 2006,

with a final interest payment on the maturity date.



Payment of Principal
Amounts due in respect of principal will be paid in three equal
installments on November 18, 2020, November 18, 2021 and the

maturity date.



Form and Settlement
Uruguay will issue the bonds in the form of one or more fully
registered global securities, without interest coupons. No bonds

will be issued in bearer form.



Denominations
Uruguay will issue the bonds only in denominations of US

$100,000 and integral multiples of US$1,000 in excess thereof.



Withholding Tax and Additional
Uruguay will make payments of principal and interest in respect
Amounts
of the bonds without withholding or deducting for or on account
of any present or future Uruguayan taxes, duties, assessments or
governmental charges of whatever nature except as set forth in

"Description of the Bonds--Additional Amounts."
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Further Issues
Uruguay may, from time to time, without your consent, create and
issue further debt securities having the same terms as and ranking
equally with the bonds in all respects and such further debt
securities will be consolidated and form a single series with the

bonds.



Governing Law and Jurisdiction

New York.
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Settlement Date

November 18, 2005.



Listing
Application will be made to admit the bonds to the Official List of
the UK Listing Authority and to admit the bonds to trading on the

regulated market of the London Stock Exchange.



Taxation
For a discussion of the Uruguayan and United States tax
consequences associated with the bonds, see "Taxation--Uruguay
Taxation" and "--United States Federal Taxation" in the
accompanying prospectus. Investors should consult their own tax
advisors in determining the foreign, United States federal, state,
local and any other tax consequences to them of the ownership

and disposition of the bonds.



Trustee

The Bank of New York.
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Document Outline