Chicago, May 4 – Corporacion Nacional del Cobre de Chile, or Codelco, priced $800 million of notes due January 2031 (A/A-), according to a company notice and market sources.
The notes priced with a yield of 3.77% or a spread of Treasuries plus 315 basis points.
Demand for the notes exceeded $10 billion from more than 320 orders.
Proceeds were expected to be used for general corporate purposes, including debt repayment.
Bookrunners for the transaction were BNP Paribas, HSBC Securities (USA) Inc. Mizuho Securities and Scotia Capital (USA) Inc.
Codelco is a Santiago, Chile-based copper mining company.
| Issuer: | Corporacion Nacional del Cobre de Chile (Codelco)
|
| Amount: | $800 million
|
| Description: | Notes
|
| Maturity: | January 2031
|
| Bookrunners: | BNP Paribas, HSBC Securities (USA) Inc. Mizuho Securities and Scotia Capital (USA) Inc.
|
| Coupon: | 3¾%
|
| Yield: | 3.77%
|
| Spread: | Treasuries plus 315 bps
|
| Pricing date: | April 29
|
| Ratings: | S&P: A
|
| Fitch: A-
|
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