Chile’s Drive For Competitiveness Will See Corporates Issuing Abroad

Part of Chile’s plan to improve its competitiveness will see local companies allowed to issue peso debt abroad, as well as enabling foreign corporate issuers to launch debt securities in Chilean pesos. Chile’s finance minister, Andrés Velasco, has outlined a 15-point plan to make the country’s economy more competitive. The plan, which includes measures to reduce payments for corporate tax laggards and reduce stamp duties also aims to modernize and deepen financial markets and increase their integration with international markets, hence the change in regulations concerning corporate issuers.