Codelco raises $2 bln from two-part bond deal

Codelco raises $2 bln from two-part bond deal

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Rule 144a/ RegS Brazil US

Chile's Codelco said it raised $2 billion in the cross-border bond market on Tuesday by issuing $1 billion in new 10-year notes and adding another $1 billion to its 3.71% 2050 bonds. "Taking advantage of the favorable conditions in the debt market, Codelco carried out a transaction in New York today that will allow to finance projects, refinance debt and maintain its solid cash position," CEO Octavio Araneda said in a statement. Historically low rates also made the international debt market "att

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