Finance
Chile Sells Biggest Latin American Sovereign Sustainability Bond
- Investors oversubscribed dollar, euro-denominated ESG deals
- The nation has raised about $12.6 billion in ESG-linked bonds
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Chile raised a total of about $4.25 billion in euro and U.S. dollar markets Tuesday amid strong investor demand, including the biggest sustainability bond issued by a Latin American sovereign in foreign debt markets.
The nation borrowed $2.25 billion in a two-part dollar-denominated sale that included $1.5 billion of sustainability bonds, the biggest from the region, according to data compiled by Bloomberg. Chile also raised $1.65 billion euros ($2 billion) in European markets to fund green and social projects.