Codelco hits home run in euro debut

Codelco hits home run in euro debut

Bonds

Chile’s state-run copper miner Codelco debuted in the European market on Wednesday, raising €600m ($816m) on a strong book filled with orders from investment grade accounts, LatinFinance heard. The 2024 2.25% bond was priced at 99.707, to yield 2.397%. The paper was priced at a spread of 93bp over 10-year euro mid-swaps. That was in from initial price thoughts of 105bp area and price guidance of 95bp to 100bp which came out when the book passed €1bn. In the end, bookrunners Deutsche Bank, H

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