Chicago, Sept. 25 – Corporacion Nacional del Cobre de Chile, or Codelco, priced $2 billion of 10-year and 30-year notes, according to a news release on the company’s website.
A $1.1 billion tranche of 10-year notes priced with a yield of 3.02%, or 130 basis points over Treasuries.
Additionally, $900 million of 30-year notes priced with a yield of 3.71%, or155 bps over Treasuries.
The notes were four-times oversubscribed from more than 250 investors.
HSBC Securities (USA) Inc., JP Morgan Securities LLC, BofA Securities, Inc. and Scotiabank were the bookrunners.
Codelco is a Santiago, Chile-based copper mining company.
| Issuer: | Corporacion Nacional del Cobre de Chile
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| Issue: | Bonds
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| Bookrunners: | HSBC Securities (USA) Inc., JP Morgan Securities LLC, BofA Securities, Inc. and Scotiabank
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| Announcement date: | Sept. 23
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| 10-year notes
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| Amount: | $1.1 billion
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| Maturity: | 10 years
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| Yield: | 3.02%
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| Spread: | Treasuries plus 130 bps
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|
|
| 30-year notes
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| Amount: | $900 million
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| Maturity: | 30 years
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| Yield: | 3.71%
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| Spread: | Treasuries plus 155 bps
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