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Details on Hacienda's Repurchase Operations Through Local Debt Exchange

CHILE
  • The prior tender offer headlines are believed to be part of the Finance Ministry’s announcement on Monday that it will start a program on June 4 for investors who want to exchange debt that has already been emitted for new bonds that will be sold, according to a statement.
  • The goals of the program are to keep track of the maturity of debt over coming years and to offer new benchmark bonds to investors to support market liquidity and withdraw bonds that are not benchmarks. Ministry will report at least 3 days prior to the swap the bonds eligible for exchange.
  • The operations will be carried out starting June 4, and throughout that month. In them, Bills in pesos maturing in May 2027, Bills in Pesos maturing in April 2029 and the reopening of the bond in UF maturing in October 2028 will be offered. Details below:

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