Chile Details Local Debt Plan

Chile’s finance ministry said last week it plans to issue this year approximately $6bn equivalent in domestic debt denominated in pesos and inflation-indexed UF units. Issuance will include up to CLP450bn in 7-year bonds and a maximum of CLP450bn in a retap of 10-year bonds. The sovereign also plans to issue up to UF20m in a tap of its 5-year UF bonds, up to UF18m by reopening the 10-year, up to UF17m from a tap of the 20-year and up to UF17m through reopening the 30-year, the ministry says. The bonds will be placed via monthly auctions set to start in January.