Copper miner Antofagasta PLC has held meetings with investors for its first dollar bond offering in almost two years, according to sources close to the matter. The meetings, headed by financial director Mauricio Ortiz, could lead to a 10-year bond issue. The company, however, has declined to comment on potential market transactions.
Global agreement coordinators
According to anonymous sources, Citigroup and JPMorgan would be the global coordinators of the agreement to auction the 10-year title. Likewise, it has been reported that BofA Securities, Credit Agricole CIB, Natixis and Scotiabank would act as joint bookrunners in this transaction.
Antofagasta Background
Antofagasta has not tapped global debt markets since 2022, when it issued $500 million worth of 10-year bonds. The Luksic family, which owns a majority stake in the mining company, has a fortune of more than US$33 billion, according to the Bloomberg Billionaires Index.
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