Codelco raises record $2bn with 10-year bond issue; will discuss funding arrangements

Codelco has sold a record $2 billion of 10-year bonds as it seeks to finance its ambitious investment plan amid falling copper prices.

Demand for Codelco's bonds was more than three times higher than the notes offered in New York on Wednesday September 9, the company said in a statement.
It "is a clear demonstration of investors' confidence and support of the corporation's long-term development plan, despite the recent fall in copper prices and the generalised volatility of the markets", the Chilean state-owned miner added.

More than 260 investors participated in Codelco's...

Published

Danielle Assalve

September 11, 2015

01:30 GMT

Sao Paulo