Chile Circulates Bond RFP

As expected, Chile has officially put out on RFP for new dollar bonds, according to bankers, part of a plan to return to the markets that was announced in April. The sovereign is considering raising $500m through a debut peso-denominated global issue, as well as $1bn in 10-year dollar bonds, it said earlier this year. The sovereign has yet to file an SEC shelf. Though it was expected to be able to come to the market as soon as June, the current downturn in the global markets could delay the new transaction. Chile is looking to become a more frequent issuer and re-establish a curve, as it seeks to raise funding to support post-earthquake rebuilding.