Codelco Loan Gains Momentum

Codelco Loan Gains Momentum


Chile's Codelco has launched to general syndication a $400m 7-year step up loan, which is being closely watched to gauge how US volatility is affecting LatAm lending. The deal pays a slim 12.5bp over Libor in year one, 15bp in years two through four, 17.5bp in year five and 20bp in years six and seven. On offer for retail participants are 12.5bp fees for a $30m ticket and 7.5bp for a $15m ticket. Bank of Tokyo Mitsubishi, Export Development Bank of Canada and RBC joined as MLAs on the transactio

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