SANTIAGO, Chile Chile's Rutas del Pacfico SA, a road construction company, will issue a $306 million bond, with payments covered by the Inter-American Development Bank (IDB) and co-insurers. As a result, the IDB signed it's first-ever private sector guarantee with the President of Chile, Ricardo Lagos Escobrar, late last week.

The credit guarantee will help to improve and expand Chile's 68-mile highway that connects Santiago and Valparso, the country's main port.

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