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.

Codelco to cash in Codelco to cash in Codelco to cash in Codelco to cash in 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

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