Ministry of Finance of Chile completes placement of the first sustainable bond in pesos

The Ministry of Finance from Chile issued its first sustainable bond in local currency (Chilean pesos), maturing in year 2034, for a total of 1 trillion pesos, equivalent to approximately 1,000 million dollars. The transaction reached a maximum demand of 3.5 times the amount awarded, achieving an interest rate of 6.95%, 30 base points less than the reference price.

Considering the above-mentioned placement, Chile holds an ESG debt stock of around 31.7 billion dollars, which represents 31% of the total central government debt. Said ESG debt stock is made up of 51% in social instruments, 22% in green instruments, 20% in sustainable instruments and 6% in instruments linked to sustainability (SLB).