Codelco’s bond tender falls below target
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Emerging MarketsEM LatAm

Codelco’s bond tender falls below target

Copper, Chile, Codelco, Chuquicamata, LatAm

Chilean copper miner Codelco looks unlikely to be able to repurchase the $1.907bn of bonds that it was hoping to cancel via a tender offer after investors holding just over half of that amount agreed to sell their paper after the early-bird period expired.

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