Investor Presentaiton
Ministerio de Hacienda - Gobierno de Chile
Debt is mostly denominated in local currency, and held by local institutional
investors, while sustainable bonds provide access to new investors.
Debt Composition by Currency
Percent of total
Total Assets Managed by Institutional Investors
Percent of GDP
Strategy
Domestic: to develop and lengthen yield
curves (nominal and real), while deepening
liquidity by fostering greater participation of
non-residents
•Recent issuances have strengthened
new benchmarks and have created
longer tenors, extending the debt
100%
7%
15%
6%
4%
80%
60%
maturity profile in line with international
standards
•External: to establish benchmarks for
Chilean companies in international capital
markets
•In addition: to promote the development of a
sustainable asset class (sustainable bonds)
that attracts foreign investment in support of
the country's sustainable infrastructure needs,
while diversifying the investor base
83%
40%
20%
68%
140%
38%
120%
100%
122% of GDP
(USD 326 bn.)
22%
20%
16%
80%
9%
42%
18%
18%
60%
80%
40%
62%
9%
53%
17%
11%
20%
0%
2002
2010
2019
USD
Euros
UF
□ Pesos
□ Other
Source: Ministry of Finance.
https://www.hacienda.cl/areas-de-trabajo/finanzas-internacionales/oficina-
de-la-deuda-publica/estadisticas/composicion-de-la-deuda
2002
2010
2019
Pension Funds
Insurance Companies □ Mutual Funds
Source: Financial Market Commission
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