Chile to Debut 30-year Local Bond

Chile will offer a 30-year local bond as part of the $1.1bn equivalent in local debt it plans to issue this year, its finance ministry said. That would be the first domestic offering of that tenor, catching up with Mexico, which led the way in developing local market tenors. This year, Chile plans to issue $200m in 10-year peso-denominated bonds, UF10.2m ($460m) in notes denominated in the UF inflation-linked unit, and UF10.2 in 30-year UF-denominated bonds. Regular monthly auctions will begin March 26 and continue until December. The UF Monday was equivalent to CLP19,679, or $44.74.