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Constitutional Committee Votes, Govt. Sold $2B In Sustainable Bonds

CHILE
  • Chile’s Constitutional Convention plenary votes on controversial environmental proposals that include nationalizing the country’s copper and lithium industries.
  • Chile issued bonds tied to sustainability goals, the first nation in the world to do so, as the country wracked by a decade-long drought looks to cut greenhouse gas emissions, and obtain cheap financing. (BBG)
    • The government sold $2 billion in dollar-denominated, sustainability-linked bonds maturing in 20 years, according to a person with knowledge of the matter.
    • The offering yields 200bps above Treasuries after initial discussions in the area of 2.4 percentage points, said the person, who asked not to be identified as the details are private.
  • Separately, Chile’s senate unanimously approved the nomination of Stephany Griffith-Jones for central bank board member, according to a post on the senate’s Twitter account.

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