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What is BDU I?

Bosques del Uruguay I (BDU I) is a Timber Investment Trust quoted on the Montevideo Stock Exchange. It will develop sustainable Eucalyptus plantations in Uruguay for producing 2.76 million cubic metres of sawn wood, pulp and biomass wood for existing and new markets.


Deal summary


Name: Fideicomiso Financiero Forestal Bosques del Uruguay. (Timber Investment Trust)
Fiduciary/Trustee: EF Asset Management.
Manager: AF S.A.
Credit Risk Agency: CARE
Credit Risk: BBB+
Representative: Bolsa Electrónica de Valores S.A.
Form: Certificates.
Total Issue: US$ 50 million.
Rate of Return (Estimated): 8.58 %
Duration: 21 years.