June 19, 2019 |
Chile is looking to build on its sovereign green bond with plans to tap the euro market in the coming weeks.
On Monday, Chile became the first Latin American sovereign to issue a green bond, selling $1.42bn in 2050 notes at 3.53%, or 95bp over US Treasury notes.
The issue included $523m in new debt, while $895m was used to fund a buyback of seven bonds maturing between 2020 and 2047. The bookrunners on the deal were BNP Paribas, Citi and HSBC.
Chile will likely issue around $1bn in euro-deno
Finance ministry plans to follow this week's $1.4bn deal with $1bn in new euro-denominated notes in the coming weeks