January 8, 2020 |
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
Chile's state-owned copper miner takes advantage of low rates to issue $1 bln in new 10-year notes and add $1 bln to its 2050 paper