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What is BDU III?

Bosques del Uruguay III (BDU III) is a Timber Investment Trust quoted on the Stock Exchange in Uruguay (Bolsa Electrónica de Valores S.A.). It will develop sustainable Pine and Eucalyptus plantations in Uruguay for producing 10.4 million cubic metres of sawn wood, pulp and biomass wood for existing and new markets.


Deal summary


Name: Fideicomiso Financiero Forestal Bosques del Uruguay III. (Timber Investment Trust)
Fiduciary/Trustee: EF Asset Management
Manager: AF S.A.
Representative: Bolsa Electrónica de Valores S.A.
Form: Certificates
Credit Risk: BBB +
Total Issue: US$ 190 million
Rate of Return (Estimated): 9%
Duration: 20 years.