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A&O Shearman advises on CODELCO's USD1.5billion bond offering

A&O Shearman advised the initial purchasers in connection with an offering of USD750 million 6.330% Notes due 2035 and USD750m 6.780% Notes due 2055 by Corporación Nacional del Cobre de Chile, or CODELCO.

CODELCO is the world’s largest copper producer and one of the largest companies in Chile by revenue. CODELCO intends to use the net proceeds from the sale of the notes for general corporate purposes.

A&O Shearman works across Latin America with local and international financial institutions, private capital and private equity investors, sovereigns and state-owned enterprises, project sponsors and developers, among others. We recently represented underwriters in connection with bond offerings by the Republic of Uruguay and the Republic of Peru.

The team that advised CODELCO was led by Capital Markets partner Alejandro A. Gordano alongside Capital Markets associate Gonzalo Robles, visiting attorneys Moises Gonzalez Arroyo and Giulia Maia Bonadio, as well as partner Tax partner Lorenz Haselberger and Tax associate Daniel Kachmar.

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