Chile taps global debt markets with social bond

Chile sold US$1.7bil of notes due in 2031 at a spread of 105 basis points over mid-swaps. — Bloomberg

SANTIAGO: Chile tapped debt markets with a social bond, one of the first sales by emerging market sovereigns in what’s expected to be a slower second half of the year after a flurry of activity in early 2024.

The South American nation sold US$1.7bil of notes due in 2031 at a spread of 105 basis points over mid-swaps, according to a person familiar with the matter who asked not to be identified.