September 24, 2019 |
Chile's Codelco said it has raised $2bn to refinance debt through a two-part bond deal in the cross-border market, issuing $1.1bn in 10-year notes and $900m in 30-year notes.
The bookrunners Bank of America, HSBC, JPMorgan and Scotiabank priced the 10-year paper at 3.02%, or 130bp over US Treasury notes, and the 30-year paper at 3.71%, or 155bp over US Treasury notes, the state-owned mining company said in a securities filing on Monday.
The deal was four times oversubscribed with orders from mor
Chile's state-owned copper miner raises $2bn to refinance debt in a two-part deal