Codelco gives euro buyers single A Latin spice

Oliver West

July 03, 2014 05:45 am

Codelco — workers from the National Copper Mine Corporation, or Codelco, pose for a portrait as they wait for a bus home after a work day at the Chuquicamata copper mine in the Atacama desert in northern Chile. Experts say that by 2019 the Chuquicamata copper mine will be unprofitable, so state-owned mining company Codelco is trying to head off closure by converting the open pit into the world's largest underground mine. Codelco believes the mine still has much more to give, with reserves equal to about 60 percent of all the copper exploited in the mine's history still buried deep beneath the crater. (AP Photo/Jorge Saenz) | Jorge Saenz/AP/Press Association Images

Chilean state copper company Codelco priced its debut euro-denominated bond issue inside where it could have priced a dollar deal on Wednesday, according to a banker on the deal, as European corporate buyers jumped at the chance for some EM-flavoured yield.

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Oliver West

US Bureau Chief - Latin America Editor