Codelco places $2bn in bonds as miner aims to boost copper output
Chile's Codelco, the world's largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an earlier report from capital markets publication IFR.
The 2036 bond is pegged for some $1.5-billion, featuring a yield of 6.447%, which works out to 230 basis points above comparable US Treasury debt, Codelco and IFR said.