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Chile places a new social bond
01/19/2024 Since 3 months

The Chilean Ministry of Finance has announced the issuance of a 5-year social bond in the international markets (New York law) for 1.7 billion dollars, with the aim of financing social programs, as established by its Sustainable Bond Framework.

The placement obtained an order book for nearly 11.1 billion dollars (7.5 times the amount offered), allowing the Government to achieve a very competitive issuance rate in dollars for the associated term (4.85% annual).

Chile stands out for its leadership in the regional thematic bond market, having issued more than 48 billion dollars since 2019, distributed among 47% social bonds, 24% sustainability-linked bonds (SLB), 16% green bonds, and the remaining 13% in sustainable bonds.

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