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LatinNews Daily - 18 June 2019

In brief: Chile

* Chile has issued its first sovereign 'green bond' for US$1.418bn, which expires in 2050. According to a finance ministry press release Chile has demonstrated its leadership in international finance and environmental concern by being the first country in the Latin American region to issue this type of bond. Finance Minister Felipe Larraín commented that “issuing our first green bond indicates our firm promise to advance actions for climate change”. Among other things, the press release also highlights the historically low interest rate of 3.53% and notes that over the next few weeks Chile plans to issue a new green bond in euros.

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