CHILE ASKS BANKS FOR $900 MILLION

CHILE ASKS BANKS FOR $900 MILLION

Chilean debt negotiators have asked creditor banks to authorize up to $900 million in voluntary lending during the current round of negotiations, scheduled to resume March 2 in New York, a senior Chilean official said.

Italo Traverso, manager of Chile's external debt coordination committee, said Chile is asking the banks to amend several clauses of previous rescheduling agreements to provide greater flexibility for debt management.He said the amendments would allow Chile to seek voluntary lending up to the maximum $900 million, and pursue certain other financial operations such as debt-to-debt swaps, repayment of debt in Chilean pesos and additional relending.

Mr. Traverso said Chile is under no pressure to strike a new agreement with the banks, because the country's foreign accounts are balanced through 1988.