Thursday, april 9, 2020

Ministry of Finance announces the Treasury Bond issuance plan via SOMA for second quarter of 2020

The Ministry of Finance plans on issuing Treasury Bonds in local currency for up to US$4.88 billion during the second quarter of 2020. These are scheduled to be issued through the SOMA system of the Central Bank of Chile, acting as Fiscal Agent of the Republic of Chile.

As was recently informed, the Ministry of Finance plans on issuing short-term Treasury notes (6, 12 months). The issuance of these instruments has the objective of contributing to the well-functioning of the local financial market by facilitating credit to the real economy, including households and firms. In addition, the Ministry plans on issuing bonds that mature in 2025, in line with the Ministry’s plan to develop peso and inflation-linked yield curves.

Furthermore, the Ministry of Finance will continue implementing liability management operations of local currency bonds throughout 2020. 

The following table describes the 2020 issuance calendar for the second quarter of 2020.

Table 1: Treasury Bond Issuance Calendar via SOMA for the second quarter of 2020 

Millions of USD

Date

Nominal

UF

TOTAL

Note 6M

Note 12M

BTP-2025

Note 6M

Note 12M

BTU 2025

April 8th

 

 

250

 

 

162(*)

412

April 15th

 

 

 

 

 

88

88

May 13th

325

 

 

325

 

 

650

June 3rd

325

395

LM

325

395

LM

1,440

June 17th

 

 

500 + LM

 

 

300 + LM

800

June 24th

350

395

 

350

395

 

1,490

TOTAL

1,000

790

750

1,000

790

550

4,880

Note: LM are Liability Management Operations

(*) This amount corresponds to the allocated amount. The total auctioned amount was of USD250 million. 

This calendar is also available in the website of the Ministry of Finance’s Public Debt Office.

All issuances and LM operations will be executed through the SOMA system of the Central Bank of Chile, acting as Fiscal Agent of the Republic, and following the norms and rules established in the Operating Rules. 

Finally, these plans may vary in case of unexpected changes in market conditions and/or adjustments in the government’s funding needs. If this were to occur, it will be appropriately informed. 

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