Chile goes green as Andean sovs get busy

Chile_Wall_Flag_18July2017_Fotolia_230x150
By Oliver West
20 Jun 2019

Chile’s head of international finance told GlobalCapital that issuing a green bond had helped the sovereign attract new investors used to buying lower yielding paper, making the deal a win-win for both borrower and buy side. It is planning to bring its next green deal in euros.

Encouraged by plunging US Treasury yields, Chile hit bond markets on Monday with a $1.418bn deal due in 2050. Books peaked at $6.6bn before slipping to $4.4bn as the government tightened pricing by 25bp from initial price thoughts to a spread of 95bp over Treasuries, giving a final ...

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