Chile To Issue $700 Million Local Bonds

Chile’s finance minister, Andrés Velasco has said the sovereign will issue up to $700 million worth of local-currency bonds next year. The government has had approval to issue up to $1,200 million worth of bonds next year and has decided to help develop the local-currency debt market, said Velasco in a speech to the local business community Tuesday. The minister gave no further details about the timing of the issuance.