Chile’s Ministry of Finance has enabled the country’s corporates to sell local debt deals to international investors through Euroclear.
The move – which replicates the sovereign’s move to ‘Euroclearability’ in 2017 – comes as the country’s congress contemplates authorizing further withdrawals from the country’s pension funds, leading to fears about the liquidity of its local capital markets.
Patricio Sepulveda, head of Chile’s office of public debt, says the assets under management in the country’s pension funds has fallen from $213.6
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