Chile prints first social bonds

Chile prints first social bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Coronavirus Rule 144a/ RegS Chile United States ESG Social Bonds

Chile's Finance Ministry said Thursday that it sold CLP1.6 trillion ($2.11 billion) in Euroclearable social bonds, raising money to cover healthcare services and relief efforts during the COVID-19 pandemic. The ministry split the deal into two parts with $1.37 billion in 2028 notes at fixed rate of 2.5% and $739 million in 2033 notes at 3.4%, it said in a statement. Foreign investors acquired 48% of the peso-denominated bonds, surpassing the previous record of 24% from a deal in 2019, and orders

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