Investor Presentaiton
"Second-generation" de-dollarization of government debt
Objectives
Strategy
Implementation
Increase Reliance in Local
Currency Funding and Diversify
Investor Base
Reduce exposure to currency
risk in the government debt
portfolio
Expand the sources of
funding and improve
financing terms
Develop the Local Currency,
Nominal Fixed-Rate Bond Market
Enhance market depth,
liquidity and duration in
sovereign bonds
Establish a government bond
yield curve that provides
pricing benchmarks for local
currency instruments and
reduce financial dollarization
Issuance of global peso bonds in
nominal fixed-rate, with
benchmark size and intermediate
maturities
Reach the broadest pool of
international investors and
increase market competition
Meet the criteria to potentially
be included in the benchmark
GBI-EM bond index
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