The state-owned power utility, Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE), and República Administradora de Fondos de Inversión SA (RAFISA) or Administrative Republic of Investment Funds SA, a part of Banco de la República Oriental del Uruguay (BROU) or Bank of Oriental Republic of Uruguay, have placed debt securities for USD93 million to invest in the 500 kV Tacuarembó–Salto line at a linear annual rate is 3.125 per cent with Financial Trust.
