Chile plans new dollar notes, tap of euro 1 5/8% notes due 2025

By Rebecca Melvin

New York, May 5 – The Republic of Chile plans to price two tranches of notes, including an issue of dollar-denominated notes and a tap of its euro-denominated 1 5/8% notes due Jan. 30, 2025, according to filings with the Securities and Exchange Commission.

Chile issued the original €800 million of 2025 notes on Dec. 12, 2014 and a second €440 million tranche on May 27, 2015.

The proceeds of both tranches are intended for general purposes of the government, including to partially fund its Covid-19 relief and recovery efforts, and both are being underwritten by Citigroup, Itau BBA and Scotiabank.

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