News
Date: 04/Jan/2008
Government to issue bonds in the local market
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The Ministry of Finance announced today its decision to issue three local-currency denominated bonds in the local market during this year, as well as its interest that the investment and management of said funds be carried out through the Central Bank in its capacity of Fiscal Agent.
The Government will issue, during 2008, Treasury Bonds in the local market, both in Chilean pesos and unidades de fomento, in the total amount equivalent to about
US$ 1.2 billion.
The above will be carried out through the issuance of the following bonds:
- Treasury Bonds, in Chilean pesos, at a 10-year term (BTP-10), for a total amount of 200,000 million pesos.
- Treasury Bonds in unidades de fomento, at a 20-year term (BTU-20), for a total amount of 10.2 million UF.
- Treasury Bonds in unidades de fomento, at a 30-year term (BTU-30), for a total amount of 10.2 million UF.
The investment of said bonds will be started during March, 2008, by way of monthly auctions, as follows:
- BTP-10: 20.0 billion pesos at each bidding stage
- BTU-20: 1.02 billion UF at each bidding stage.
- BTU-30: 1.02 billion UF at each bidding stage.
The Ministry of Finance has expressed its interest that the Central Bank, in its capacity of Fiscal Agent, represent the Government in the investment and management of said funds.
