Chile has become the first country in Latin America to issue a sovereign green bond, raising $1.4 billion to finance sustainability and climate programs.
“The issuance of our first green bond demonstrates our firm commitment to advances with concrete actions against climate change,” said Finance Minister Felipe Larrain on June 17.
Demand for the 31-year bonds was high, with investors offering to buy almost thirteen times more than the number of bonds available, Larrain said. That allowed Chile to obtain the lowest interest rate for an emerging economy so far this year.
“Against the international context of increased financial ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.