Codelco mines massive orders in bond return

Codelco mines massive orders in bond return

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Chile's state-owned copper mining company Codelco returned to the international bond market on Monday, raising $900 million in the sale of 10-year dollar-denominated notes after orders peaked at $7.8 billion, sources involved in the deal told LatinFinance. Codelco priced the new 5.125% 2033 notes at 99.938 to yield 5.133%, or 158 basis points over US Treasury bonds, a sell-side source said. The copper miner had opened the initial price talk around 200 basis points before it set guidance around 1

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