Codelco Drills Heavy Demand
Jul 11, 2012
Chile’s Corporacion Nacional del Cobre (Codelco) has raised $2bn in new 2022 and 2042 bonds, getting more than $10bn demand in the region’s latest jumbo offering from a high-quality issuer. The A1/A/A+ quasi-sovereign priced a $1.25bn 2022 tranche at 98.663 with a 3.00% coupon to yield 3.157%, or UST+165bp, the tight end...
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