Tuesday, 20 January 2009

Codelco, Copper Prices Plunging, Seeks to Raise Money in Bond Markets

This just came out ... Codelco, prices fluctuating violently, is looking to sell at least $500 million of ten-year debt to partially finance capital expenditures and refinance debt.

  • Issuer: Corporacion Nacional del Cobre de Chile
  • Ratings: A1 / A / A
  • Size: Benchmark Size (At Least $500 million)
  • Maturity: 10 year
  • Structure: Senior Unsecured Notes
  • Bookrunners: HSBC Holdings Plc. /JPMorgan Chase & Co.
  • Timing: ASAP

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