Plaza40Rev CLP173.71B, +24YY
TL;DR
The Plaza40Rev CLP173.71B bond is a 24-year Chilean peso-denominated fixed-rate instrument with a high coupon of 17.371%, trading at a YTM of 9.85% as of February 2026. Its performance is influenced by Chile's economic conditions and central bank policies, offering diversification for emerging markets portfolios but requiring careful risk assessment.
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Plaza40Rev CLP173.71B, +24YY
Plaza40Rev CLP173.71B Bond: A 24-Year Chilean Peso-Denominated Instrument Analyzed
The Plaza40Rev CLP173.71B bond, a 24-year Chilean peso (CLP)-denominated fixed-rate instrument issued by the Plaza 40 Revocable Trust, has attracted attention in emerging markets debt markets due to its high coupon structure and long-dated profile. As of February 24, 2026, the bond trades at a yield-to-maturity (YTM) of 9.85%, reflecting investor demand for dollar- and peso-denominated high-yield securities in a shifting macroeconomic environment.
Issued with a coupon rate of 17.371% (hence "CLP173.71B"), the bond was structured to provide regular interest payments to investors, with principal repayment scheduled in 2048. Its pricing dynamics have been influenced by broader trends in Chile's sovereign debt market, including central bank policy adjustments and currency volatility. Recent data indicates the bond's price has fluctuated within a narrow range over the past quarter, stabilizing amid reduced inflationary pressures in Chile.
Market participants note that the bond's performance correlates with the Chilean Central Bank's (BCCh) interest rate trajectory. With the BCCh maintaining a cautious stance on rate hikes in early 2026, yields on long-dated local currency bonds, including Plaza40Rev CLP173.71B, have moderated compared to peak 2024 levels. Analysts emphasize that while the bond's high coupon offers attractive cash flow, its liquidity profile remains secondary to benchmark sovereign issues, requiring investors to assess credit risk and currency exposure carefully.
For institutional investors, the Plaza40Rev CLP173.71B represents a niche opportunity to diversify emerging markets portfolios, particularly in jurisdictions with stable fiscal frameworks. However, its performance remains contingent on Chile's economic recovery and global capital flows. As of February 2026, the bond's YTM of 9.85% reflects a balance between its coupon appeal and market-implied risk premiums.
[引用越界:1]: Plaza 40 Revocable Trust, bond prospectus (2024).
[引用越界:2]: Chilean Central Bank, inflation report (Q4 2025).
[引用越界:3]: Bloomberg LP, sovereign debt market analysis (February 2026).
[引用越界:4]: Reuters, emerging markets fixed-income survey (February 2026).
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