Chile emitted its first sovereign green bond last week. Due to its success, further sovereign green bonds are expected to be issued by the state.
The bond low’s interest rate, good rating and its high demand resulted in the success of Chile’s first green bond to surpass expectations.
“The issuance of our first green bond demonstrates our firm commitment to move forward with concrete actions in the face of climate change”, said Chile’s Minister of Finance, Felipe Larraín. “In an international context of greater financial turbulence, the confidence of the international markets in our country stands out”.
This bond had obtained a very high rating from Vigeo Eiris, and a certification from the Climate Bond Initiative.
In line with what was previously announced by the Minister of Finance, a new issue of sovereign green bonds in euros is planned in the coming weeks.