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Investors see bond sell-off if left-wing candidate wins in Chile

Investors see bond sell-off if left-wing candidate wins in Chile

December 17, 2021 | Hernán Goicochea
Former student leader Gabriel Boric has pledged to raise corporate taxes, while opponent José Antonio Kast has promised to cut them

Corporate & Sovereign Strategy Bonds Debt Capital Markets International Financial Institutions Fixed Income Andean Chile

International investors are predicting a sell-off in Chilean corporate bonds if left-wing candidate Gabriel Boric wins the run-off election for president on December 19, sources told LatinFinance. "I expect the market to react badly in the beginning," said Laszlo Lueska, a partner and portfolio manager at São Paulo-based investment firm Octante Capital. "After the elections, it will all depend on what Boric will do after, or what he'll say if he wins." Boric was leading by a small margin in a re

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