Canadian Plans Bond for Panama Copper

Canadian Plans Bond for Panama Copper

Panama Bonds Canada

Inmet Mining has started meeting investors in the US and Europe ahead of a $1bn bond sale to fund the development of the Cobre Panama copper project. The B1/BB minus Canadian-based global miner began in Monday in Toronto, and will see accounts in New York, New Jersey, Maryland, Boston and London before wrapping up in California and pricing May 15. A $1bn 8NC4 144A bond should follow, market conditions permitting. Proceeds will be used to help fund development costs for the planned $6.18bn Cobre

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