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Presidential Election Looms, Treasury to Sell Bonds

CHILE
  • Chile's presidential front-runners, Gabriel Boric and Jose Antonio Kast, said they're open to negotiating parts of their economic programs in remarks made at the last televised debate before elections.
    • "We are willing to discuss some of the points in our program," Boric said on Monday night, pointing out that his tax reform plans cause uncertainty among investors. "We will discuss with all sectors the details of our proposals." (BBG)
  • Up today:
    • The Senate will debate and vote starting at 9:30 a.m. (local time) on whether to impeach president, Sebastian Pinera. 29 votes are required for the impeachment to be approved.
    • Chile's Treasury will sell $739.6m in 21-month bills and $169.2m in nominal bonds due in 2030.
  • In local news:
    • Chile's central bank will grant local banking institutions five more months to wind down special credit lines made available to provide liquidity to the economy during the coronavirus pandemic, according to statement. Banks will be able to wind down credit lines progressively until Aug. 30, 2022. (BBG)
    • Foreigners that enter the country and that have received a booster shot within the last six months won't need to isolate as of Dec. 1, the Health Ministry said in a televised press conference. Additionally, the nation lifted all restrictions for Chileans to leave the country from December.

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