Business Services Industry

Codelco, Chile's state-owned copper miner, said it plans to borrow US$300 million to refinance debt

Latin Trade, August, 2004

CODELCO, Chile's state-owned copper miner, said it plans to borrow US$300 million to refinance debt. Codelco said it chose ABN AMRO, Banco Bilbao Vizcaya Argentaria and Bank of Tokyo Mitsubishi as lead arrangers of the five-year loan, which carries a spread of 25 basis points over the London Interbank Offered Rate.

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