LatinNews Daily - 26 June 2019

* Chile’s finance ministry reported that the country has issued its first sovereign ‘green bonds’ in euros for €861m (US$978m). Demand for the bonds, which expire in 2031, was oversubscribed at €4.02bn. The press release also highlights that the bonds were placed offering an interest rate of 0.83%, the lowest interest ever offered by Chile on euro denominated bonds. Finance Minister Felipe Larraín commented that “issuing this new green bond this time in euros, again strengthens our firm promise to tackling climate change”. The issue follows that of US dollar denominated green bonds earlier this month which made Chile the first Latin American country to issue this type of bond.

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