SANTIAGO: Chile's central bank said
on Wednesday it has no plans to issue new bonds in 2017, choosing instead to
issue promissory notes to partially "absorb" maturing debt in order
to manage liquidity in the local market.
The bank said 1.7 trillion pesos
($2.53 billion) of debt is due to mature this year, of which 950 billion pesos
($1.41 billion) will be absorbed by central bank notes, known as PDBCs in
Spanish.
The PDBCs "have the purpose of
appropriately managing liquidity in the local market," the central bank
said in a press release.
It added that its debt issuance
schedule was subject to change as market conditions evolve.
Copyright Reuters, 2017
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