Chile’s Codelco talks dollar benchmark 10-year notes at 275 bps area over Treasuries

By Christine Van Dusen

Atlanta, Sept. 9 – Corporacion Nacional del Cobre de Chile (Codelco) set talk in the Treasuries plus 275 basis points area for a dollar-denominated and benchmark-sized offering of 10-year notes (expected ratings: A1/AA-/A+), a market source said.

BofA Merrill Lynch, HSBC and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for general corporate purposes, including capital expenditures and to refinance debt.

Codelco is a Santiago, Chile-based copper mining company.

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