Uruguay’s novel bond structure is a model in the incipient sovereign SLB market. This short interview features Herman Kamil, Head of the Debt Management Office at the Ministry of Economy and Finance of Uruguay, discussing what differentiates its October 2023 SSLB bond and why it represents a step forward, He is interviewed by David Beers, EMIA’s co-chair for sovereign engagement in the Enhanced Labeled Bonds Standards (ELBS) team.