Wed 07/12/2023 05:59 AM
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Relevant Item:
Prospectus Supplement
Key Takeaways

  • The Republic of Chile’s new sustainability-linked notes provide for a 50 bps increase in principal amount if a 40% target for female board representation in listed companies is not achieved by the end of 2031.

  • It is the first sustainability-linked bond that sets a gender-based target. We hope it is the first of many.

The Republic of Chile recently issued €750 million of sustainability-linked notes due 2034. As with many...
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