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Codelco to cash in

THE world’s largest copper producer, Codelco plans to take advantage of the “extraordinary market conditions” to raise US$500 million through a bond issue with its chairman saying the company needed to raise US$3 billion over the next three years to fund major production expansions.

Rebecca Keenan
Codelco to cash in

The bond issue was approved by the board of Codelco in a meeting earlier this week, Platts has reported The bond issue reflects Chile’s strong credit rating and has been undertaken on the best loan rates...

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