A&O Shearman advises on CODELCO's USD1.4 billion bond reopening

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. A&O Shearman is actively at work across Latin America advising clients in substantive debt capital markets transactions. The firm recently represented the initial purchasers in connection with:

• SURA Asset Management’s offering of USD500m 6.350% senior guaranteed notes due 2032 under Regulation S and Rule 144A, and the tender offer to purchase for cash up to USD175m in aggregate principal amount of its 4.375% senior guaranteed notes due 2027.
• Arcor’s offering of USD350m 7.600% fixed-rate notes due 2033.

The A&O Shearman team was led by capital markets partner Alejandro A. Gordano alongside capital markets associate Gonzalo Robles, visiting attorneys Moises Gonzalez Arroyo and Teresa Zuñiga, as well as tax partner Lorenz Haselberger and tax associate Daniel Kachmar.