Codelco to sell new bonds to finance buyback

Codelco to sell new bonds to finance buyback

Corporate & Sovereign Strategy Bonds Debt Chile

Chile's Codelco plans to issue new notes as early as Monday next week to cover the buy back of up to $1.75 billion in bonds that mature between 2023 and 2025, a source involved in the deal told LatinFinance on Tuesday. The state-owned copper mining company has $386 million in outstanding 4.5% 2023 bonds along with €600 million ($692 million) in 2.25% 2024 bonds and $671 million in 4.5% 2025 bonds, but it is looking to reduce short-term debt payments so it can focus on investment projects, the so

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