Codelco Surprises with Duration
Chile’s Corporacion Nacional del Cobre (Codelco) took advantage of an improvement in risk markets Thursday to raise $950m while offering investors an opportunity for 30-year bonds. Equity markets rallied on positive news in the US government standoff, and the Chilean state-owned miner offered just the region’s third 30-year bond since QE tapering talk jolted...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.