News
Date: 27/May/2008
Government releases calendar for new bond issues in the local market
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The Government will increase by US$ 800 million the amount of 20- and 30-year term announced in March 2008. The placements will take place on same dates as previously indicated.
As provided in the Supreme Decree that authorized bond issues in the local market in the equivalent of US$ 1,200 million made this March, the Ministry of Finance is authorized to reopen, within the indebtedness limit established by the Budget Law, any one of the series comprising those issues in order to increase their amount.
This way, and just as was announced by the Minister of Finance on May 7 of this year, further bonds in local
currency will be placed in the local market, in an amount equivalent to US$ 800 million. These new bonds will have the same financial characteristics and conditions as those of the bonds issued this past March and will be a part of the same
Benchmarks.
The above will take place through the reopening of BTU-20 and BTU-30 bonds in the following additional amounts:
- BTU-20: 10.4 million UF.
- BTU-30: 6.9 million UF.
With this, the series of the BTU-20 and BTU-30 bond will be wet at a total amount issued of 20.6 million UF and 17.1 million UF, respectively. These additional placements will be started in July, 2008, and the calendar with the total amounts of the monthly auctions for said bonds will be as follows:
