Codelco continues EM euro charge

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Codelco continues EM euro charge

Codelco,
A woman poses next to a giant mining truck at the entrance of the Dakar Rally camp in Calama, Chile, Monday, Jan. 13, 2014. The truck operates in copper mines near the city. (AP Photo/Victor R. Caivano) | Victor R. Caivano/AP/Press Association Images

Chilean state copper company Codelco became the latest in a run of EM issuers to debut in euros on Wednesday, taking advantage of strong demand for yield and a beneficial basis swap to price inside where it could have priced a dollar bond, according to a banker on the deal.

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