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What is BDU II?

Bosques del Uruguay II (BDU II) is a Timber Investment Trust quoted on the Stock Exchange in Uruguay (Bolsa Electrónica de Valores S.A.). It will develop sustainable Eucalyptus plantations in Uruguay for producing 3.6 million cubic metres of sawn wood, pulp and biomass wood for existing and new markets.


Deal summary


Name: Fideicomiso Financiero Forestal Bosques del Uruguay II. (Timber Investment Trust)
Fiduciary/Trustee: EF Asset Management.
Manager: AF S.A.
Representative: Bolsa Electrónica de Valores S.A.
Form: Certificates.
Total Issue: US$ 70 million.
Rate of Return (Estimated): 8.71 %
Duration: 21 years.