Chile’s State copper miner Codelco has issued 10- and 30-year dollar-denominated bonds, according to IFR, Refinitiv’s capital markets news service, as it seeks to press on with an overhaul of its mines even as a trade war has pummeled copper prices.
The bonds were issued in New York with price guidance of 150 basis points and 180 basis points over equivalent US Treasuries, IFR said, and were due to be priced later on Monday.