July 12, 2021
Local-currency debt issues by Chilean companies have become Euroclearable, four years after sovereign debt deals qualified for the distinction, Belgium-based clearing house Euroclear announced on Friday.
"This is the result in changes in the legal framework and tax treatment of these securities, making them compatible with international standards," Andrés Pérez, the head of international finance at the Chilean Finance Ministry, said in a recorded statement on Euroclear's website.
"As a result, C
Companies can now tap international investors for peso-denominated bond deals, Chile's head of international finance says