Arab Today, arab today chile to issue 6bn of government bonds
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Chile to issue $6bn of government bonds

Arab Today, arab today

Arab Today, arab today Chile to issue $6bn of government bonds

Santiago - XINHUA

Chilean Finance Minister Felipe Larrain announced Friday that the Treasury plans to issue some 6 billion U.S. dollars' worth of government bonds. The move "is definitely aimed at improving the management of liquidity," Larrain was quoted by local media as saying in New York, where he received an award from Latin Finance magazine. The Central Bank of Chile will organize monthly auctions starting in March, according to the finance ministry. At the same time, the ministry announced in Santiago on Friday that for the first time, the Chilean Treasury will issue one-year Treasury bills. The ministry said the move is aimed at optimizing the administration of seasonal overspending by the Treasury.

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