Santander Chile issued its first sustainable bond incorporating ESG criteria, focusing on the segment of Women SMEs. The bond was a private placement from a Japanese investor for an amount of $50 million at a rate of 0.71% for three years. The objective of this transaction is to refinance or finance new loan operations to small and medium enterprises led by women.
Chilean telecommunications regulator Subtel said it raised a total of $453 million in a series of tenders of 5G frequencies held this month, culminating in the auction of 150 MHz of frequencies in the 3.5 GHz band. The record figure is over 500% higher than the $74 million collected by the state in previous nationwide spectrum tenders. Chile is the first South American country to free up 5G spectrum on a national scale.
Repsol Ibereolica Renovables Chile has signed a 14-year power purchase agreement (PPA) tied to its 180-MW Atacama wind farm project that is currently in the works in Chile. The name of the off-taker has not been disclosed. The project is located in the municipality of Freirina, in Chile’s Atacama region. The 180-MW wind farm is due to commence commercial operation in the second half of 2022.
Copper on the London Metal Exchange (LME) closed with a rise of 0.27%. The red metal traded at $3.82809 a pound. This is the highest value for the red metal since 1 May 2012, when it traded at $3.86824. One reason for the latest price increase is that closure restrictions in China mean that many people are not traveling and factories are busy.
Fake news on social media has put Chilean Cherry exports to China at risk. A post on Chinese social media warned that COVID-19 had been found in the packaging of imported fruit. Demand and prices slumped immediately. 90% of national cherry production goes to China. Chile’s cherry exports to China have risen from 50,000 tonnes in 2012 to 232,000 tonnes last year. The value of exports increased from $852 million to more than $1.45 billion between 2016 and 2020.