Chile completes ESG set with sustainable Formosa bond

Santiago de Chile, Chile, skyline, Andes, skyscraper, LatAm, 575
By Oliver West
31 Mar 2021

Chile’s head of international finance said that the sovereign’s debut in the Formosa bond market this week was a natural continuation of the diversification of its funding sources, as Asian investors bought more than half of the government’s $1.5bn 32-year sustainable bond. The government has now issued green, social and sustainable notes in international markets.

“We are constantly looking into ways in which we can further diversify the investor base, and the issuance of Formosa bonds seemed a natural step to continue this process,” Andrés Pérez, Chile’s head of international finance, told GlobalCapital. “We had travelled to Hong Kong and Taipei in March ...

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