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A&O Shearman advises on CODELCO's USD1.25 billion bond offering

A&O Shearman advises on CODELCO's USD1.25 billion bond offering
Published Date
Feb 4 2026
Related people
Image of Alejandro Gordano
Alejandro GordanoPartner, New York
Image of Moises Gonzalez
Moises GonzalezInternational Associate, New York
Teresa ZunigaInternational Associate, New York
Image of Lorenz Haselberger
Lorenz HaselbergerPartner, New York
Edgardo Martinez GastelumLaw Clerk, New York
A&O Shearman advised the initial purchasers in connection with an offering of USD1 billion 5.529% Notes due 2037 and reopening of USD250 million 6.300% Notes due 2053 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.

“We are pleased to continue advising on CODELCO's capital markets strategy with this latest offering. Our firm remains committed to helping deliver successful market outcomes for local and international clients across the broader Latin American market.”

In 2025, A&O Shearman advised the initial purchasers in connection with a total of USD2.9bn notes offerings by CODELCO.

The A&O Shearman team was led by New York-based Capital Markets partner Alejandro A. Gordano alongside Capital Markets visiting attorneys Moises Gonzalez Arroyo and Teresa Zuniga, as well as partner Tax partner Lorenz Haselberger and Tax associate Edgardo Martinez Gastelum.

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