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Codelco places bond on local market at historic low price

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BOND FINANCING
Chilean state copper producer Codelco said it placed $390-million worth of bonds on the local market on Thursday, fetching an historically low effective rate of 2.09%. The world's top copper miner Codelco is raising the money for refinancing and investment purposes, at a time when a fall in the copper price has hit its income hard.
 
 
 
 
 

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