Government announces 2008 bid calendar for $1.2 billion U.S dollar debt

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SANTIAGO. -  Beginning on March 26th through December, the government will auction off monthly bonds in national currency to be sold on the domestic market for funds equivalent to $1.2 billion U.S. dollars.

The bid calendar for these bonds has become available, starting today, on the Ministry of Finance Website under the section of the Office of Public Debt.

The bonds are part of a debt strategy that plans to maintain enough liquidity in the fixed income market to offer information on the development of the financial market.

The bonds are also a way to boost macroeconomic efforts on the part of the government to keep the export sector competitive, making resources available to finance budget spending in pesos.  The objective is to limit the liquidation of dollars, which could affect the exchange rate.