Chile Reported in Jumbo Local Taps

Chile plans to issue up to $3bn domestically in the second half of the year, according to local and wire reports citing remarks by finance minister Felipe Larrain. It sold $3bn in the first half, through regular domestic auctions of 5, 10, 20, and 30-year bonds. The sovereign is also planning its first international issue since 2004, with a $500m debut peso-denominated global issue and a $1bn 10-year dollar bond in the works. Citi, JPMorgan and HSBC are heard having won the international mandate.