IDB Prepares Chilean Peso Bond

The Inter-American Development Bank (IDB) is considering a bond issue in Chilean pesos, either in the domestic or international markets. According to Reuters, citing IDB president Luis Alberto Moreno, the Bank will issue peso-denominated debt in the next few months. The IDB first issued debt in Chilean inflation-linked currency in August last year, worth $65 million. The Bank has already issued local-currency debt in Mexican and Colombian pesos.