Codelco wraps tender offer
Chilean copper miner Codelco completed the second leg of its tender offer on Tuesday, bringing the total amount of debt that it has repurchased using proceeds from last month’s new issue to $2.357bn.
Codelco (Corporación Nacional del Cobre de Chile) had earlier bought back $1.403bn of its 2019s, 2020s and 2021s, just after raising $1.5bn of 10 year notes and $1.25bn of 30 years in late July.
It then moved on to target its 3% 2022s, 4.5% 2023s and 4.5% 2025s.
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