Antofagasta issues bonds to pay off debt

Antofagasta issues bonds to pay off debt

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Chilean mining group Antofagasta returned to the international bond market on Tuesday with the sale of $500 million in new 10-year dollar denominated notes to pay off debt, market sources told LatinFinance. The new 2032 bonds carried a coupon of 5.625% and priced at 98.211 to yield 5.864%, or 287.5 basis points over US Treasury bonds, a sell-side source said. The company opened the initial price talk around 300 basis points over US Treasury notes and set guidance at 300 basis points, plus or min

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