Codelco issues $950M in bonds to support expansion

Oct 11, 2013 | 01:50 PM | Carolina Guerra

Tags  Codelco, Corporacion Nacional del Cobre de Chile, bonds, Ivan Arriagada, HSBC Securities, Merrill Lynch, Pierce, Fenner & Smith Mitsubish UFJ Securities

SÃO PAULO — Chilean copper producer Corporación Nacional del Cobre de Chile (Codelco) has issued 30-year bonds worth $950 million as it looks to raise capital for its investment plans.

"The obtained conditions are the result of the strong financial position that Codelco has and which places the company very well in the international financial markets," Iván Arriagada, Codelco’s vice president of administration and finance, said.....

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