Latin Counsel | Carey advises Codelco on US$1.250 billion bond issuance

Madrid hosts landmark opening of ICCA Congress at Teatro Real

INTA 2026 | Etienne Sanz de Acedo: IP at a turning point as AI reshapes law, business and global policy

Uruguay IBA 2026 | Coco Oderigo’s powerful closing keynote: Rugby as a tool for prison reintegration

Galicia shortlisted for multiple awards at IFLR’s Women in Business Law Americas 2026

Argentina: Competition Authority Opens Ex Officio Investigation into Food Delivery Platforms

PBP strengthens its Guayaquil office with the addition of Katherin Philipp Paulson

DLA Piper advises Banco Ciudad on UVA debt issuance

Carey leads inbound M&A in Chile and ranks top 5 regionally

Diego Peralta and Fernando Noriega

Chile

Carey advises Codelco on US$1.250 billion bond issuance

February 19, 2026

Carey | In a strategic move to strengthen its capital structure, the state-owned copper company Codelco successfully completed the issuance and placement of bonds in international markets totaling US$1.25 billion.
The transaction, conducted under US Rule 144A and Reg S regulations, reflects the strong confidence of institutional investors in the copper giant.

The transaction was structured in two key tranches:

New Series: A US$1 billion issuance maturing in 2037 with an interest rate of 5.529%.
Reopening: An increase of US$250 million to the series maturing in 2053, with a rate of 6.300%, thus expanding the outstanding amount of this long-term instrument.

This placement was backed by a consortium of top-tier financial institutions, including BofA Securities, Crédit Agricole, HSBC, and Santander, who acted as representatives of the initial purchasers. With this move, Codelco secures fresh capital for its investment plans and debt management.

carey.cl

In this article