Chile to Sell $1.2bn in Local Debt

Chile’s finance ministry plans to issue more than $1.2bn in local bonds this year, beginning in March through monthly auctions. Some CLP200bn ($404m) in 10-year bonds will be sold in auctions of about CLP20bn. Equal tranches of 20 and 30-year UF-denominated inflation-linked bonds worth about CLP200bn will be sold in monthly auctions of about CLP19.85bn. Separately, the country’s central bank announced plans to sell about CLP50bn in 2 and 5-year peso bonds and CLP70bn in UF-denominated bonds at monthly auctions starting January 9.