Chile says plans to issue $6 bln debt in local market in 2014
SANTIAGO Jan 17 (Reuters) - Chile's government said on Friday it would issue up to $6 billion of debt in the local market in 2014.
The debt will include five-, 10- and 20-year bonds in Chilean pesos and 10-, 20- and 30-year bonds in inflation-linked Unidades de Fomento (UF).
The bonds will be placed via monthly auctions that will begin in March, the finance ministry said on Friday, adding that the plans could change depending on market conditions.
For the first time, Chile also plans to issue short-term treasury bills, with the timetable and amounts to be announced at a later date.
The central bank said last week that it did not plan to issue any debt this year.
The finance ministry said on Friday that for tax purposes the bonds would be treated for the first time under new fixed income rules.
The 'Ley Unica de Fondos' employs tax exemptions to make Chile more attractive to foreign investors.
The new rules were approved by Congress at the end of 2013, and will come into practice once various administrative tasks had been carried out, at a date to be announced soon, the ministry said.
- Vice-principal of South Korea school in ferry disaster commits suicide |
- After Nevada ranch stand-off, emboldened militias ask: where next?
- New Russia sanctions threats as Ukraine stalemate goes on |
- Florida man charged with murdering son so he could play video games
- All 338 Korean students, teachers rescued from sinking ferry - school official