By Rebecca Melvin
New York, May 1 – Corporacion Nacional del Cobre de Chile, or Codelco, priced $600 million of 30-year senior notes at par to yield 4.85% on Tuesday, according to market sources.
BNP Paribas and HSBC were the bookrunners of the Regulation S Formosa bond that was issued in the Taiwan market but denominated in U.S. dollars.
Codelco is a Santiago, Chile-based copper mining company.
| Issuer: | Corporacion Nacional del Cobre de Chile
|
| Issue: | Formosa bonds
|
| Amount: | $600 million
|
| Maturity: | May 18, 2048
|
| Bookrunners: | BNP Paribas and HSBC
|
| Coupon: | 4.85%
|
| Price: | Par
|
| Yield: | 4.85%
|
| Trade date: | April 30
|
| Settlement date: | May 18
|
| Distribution: | Regulation S
|
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