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.