Chile to Meet Bond Investors

Chile plans to meet US bond investors next week, ahead of a much-anticipated $1.5bn debt sale. It will begin in LA on Monday and hit Boston before finishing Wednesday in New York. The sovereign, raising funds to help with budgetary needs due to earthquake reparations, plans global 2020 bonds denominated in both dollars and pesos, according to regulatory documents. Its finance minister has flagged a sale of $1bn in USD bonds and a $500m debut in global pesos. Citi, HSBC and JPMorgan are leading the deal, Chile’s first in dollar markets since 2004. Chile is rated A1/A/A+.