Patricio Sepúlveda Carmona

Ministry of Finance, Chile
Head of the Public Debt Office

Mr. Sepúlveda is currently the Head of Public Debt Office for the Ministry of Finance, where he has also acted as Senior Advisor since 2002. Mr. Sepúlveda obtained his BA in Commercial Engineering, concentrating in Economics, from the Universidad de Talca (Chile) and has a postgraduate degree in Business Administration and a Master of Science in Financial Economics from the Catholic University of Leuven (Belgium).

As Head of the Public Debt Office, Mr. Sepúlveda has placed bonds for over US$120 billion in the local and international markets. Under his management, the curves have been extended since 2003, issuing longer bonds. For instance, in 2012, he performed the first external issuance of 30-years and 20-years bonds locally. In 2013, he executed the first issuance of 30-years nominal bonds locally.

In 2016, he performed one of the most important LM operation in the local market (US$14.5bn), with the aim to create strong references both in UF and nominal curve. In 2017, he issued the first domestic Euroclearable Bonds for US$1.5 billion offered simultaneously to local and international investors. Additionally, in 2017-2018, he designed the structure and hired Chile’s first insurance against earthquake for US$500 million with the World Bank. In 2019, he was in charge of the first issuances of Green Bonds for the equivalent of US$2.4bn. More recently, he was in charge of the issuance of several ESG instruments, including Social and Sustainable bonds of the Republic of Chile.