Obligation Codealco 3.15% ( US21987BBB36 ) en USD

Société émettrice Codealco
Prix sur le marché refresh price now   95.13 %  ▲ 
Pays  Chili
Code ISIN  US21987BBB36 ( en USD )
Coupon 3.15% par an ( paiement semestriel )
Echéance 14/01/2030



Prospectus brochure de l'obligation Codelco US21987BBB36 en USD 3.15%, échéance 14/01/2030


Montant Minimal 200 000 USD
Montant de l'émission 1 000 000 000 USD
Cusip 21987BBB3
Prochain Coupon 14/07/2026 ( Dans 155 jours )
Description détaillée Codelco est la plus grande entreprise productrice de cuivre au monde, une société publique chilienne exploitant des mines de cuivre à grande échelle.

L'Obligation émise par Codealco ( Chili ) , en USD, avec le code ISIN US21987BBB36, paye un coupon de 3.15% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/01/2030
























IMPORTANT NOTICE
THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QUALIFIED INSTITUTIONAL BUYERS ("QIBs")
(WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")) OR (2)
NON-U.S. PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) OUTSIDE THE U.S.
IMPORTANT: You must read the following before continuing. The fol owing applies to the offering memorandum fol owing this page (the
"Offering Memorandum"), and you are advised to read this careful y before reading, accessing or making any other use of the Offering
Memorandum. In accessing the Offering Memorandum, you agree to be bound by the fol owing terms and conditions, including any modifications
to them any time you receive any information from us as a result of such access.
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT
IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT, OR
THE SECURITIES LAWS OF ANY STATE OF THE U.S. OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR
SOLD WITHIN THE U.S. OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER
THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LAWS OF OTHER JURISDICTIONS. THE OFFERING
MEMORANDUM AND THE OFFER OF THE SECURITIES ARE NOT INTENDED TO BE OFFERED, SOLD OR OTHERWISE MADE
AVAILABLE TO AND SHOULD NOT BE OFFERED, SOLD OR OTHERWISE MADE AVAILABLE TO ANY RETAIL INVESTOR IN THE
EUROPEAN ECONOMIC AREA ("EEA"). FOR THESE PURPOSES, A RETAIL INVESTOR MEANS A PERSON WHO IS ONE (OR MORE)
OF (I) A RETAIL CLIENT AS DEFINED IN POINT (11) OF ARTICLE 4(1) OF DIRECTIVE 2014/65/EU ("MIFID II"); OR (II) A CUSTOMER
WITHIN THE MEANING OF DIRECTIVE (EU) 2016/97 (AS AMENDED, THE "INSURANCE MEDIATION DIRECTIVE"), WHERE THAT
CUSTOMER WOULD NOT QUALIFY AS A PROFESSIONAL CLIENT AS DEFINED IN POINT (10) OF ARTICLE 4(1) OF MIFID II; OR
(III) NOT A QUALIFIED INVESTOR AS DEFINED IN REGULATION (EU) 2017/1129 (AS AMENDED, THE "PROSPECTUS
REGULATION"). CONSEQUENTLY, NO KEY INFORMATION DOCUMENT REQUIRED BY REGULATION (EU) NO 1286/2014 (AS
AMENDED, THE "PRIIPS REGULATION") FOR OFFERING OR SELLING THE SECURITIES OR OTHERWISE MAKING THEM
AVAILABLE TO RETAIN INVESTORS IN THE EEA, HAS BEEN PREPARED AND THEFORE THE OFFERING OR SELLING OF THE
SECURITIES OR OTHERWISE MAKING THEM AVAILABLE TO ANY RETAIL INVESTOR IN THE EEA MAY BE UNLAWFUL UNDER
THE PRIIPS REGULATION. IN ADDITION, IN THE UNITED KINGDOM THE OFFERING MEMORANDUM IS ONLY BEING
DISTRIBUTED TO AND IS ONLY DIRECTED AT: (I) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM; (II) INVESTMENT
PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL
PROMOTION) ORDER 2005 (THE "ORDER"); OR (III) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY
LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER (ALL SUCH PERSONS TOGETHER
BEING REFERRED TO AS "RELEVANT PERSONS"). ANY SECURITIES WILL ONLY BE AVAILABLE TO, AND ANY INVITATION, ORDER
OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH SECURITIES WILL BE ENGAGED IN ONLY WITH,
RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THE OFFERING
MEMORANDUM OR ANY OF ITS CONTENTS.
THE FOLLOWING OFFERING MEMORANDUM MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY
NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS
DOCUMENT IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS NOTICE MAY RESULT IN A VIOLATION
OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
Confirmation of your Representation: In order to be eligible to view this Offering Memorandum or make an investment decision with respect to
the securities, investors must be either (1) QIBs or (2) non-U.S. persons (within the meaning of Regulation S under the Securities Act) outside the
U.S. This Offering Memorandum is being sent at your request and by accepting the e-mail and accessing this Offering Memorandum, you shal be
deemed to have represented to us that (1) you and any customers you represent are either (a) QIBs or (b) non-U.S. persons (within the meaning of
Regulation S under the Securities Act) and (2) you consent to delivery of such Offering Memorandum by electronic transmission.
You are reminded that this Offering Memorandum has been delivered to you on the basis that you are a person into whose possession this Offering
Memorandum may be lawful y delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you
authorized to, deliver this Offering Memorandum to any other person.
The materials relating to the offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or
solicitations are not permit ed by law. If a jurisdiction requires that the offering be made by a licensed broker or dealer and the initial purchasers named
in this Offering Memorandum (the "Initial Purchasers") or any affiliate of the Initial Purchasers is a licensed broker or dealer in that jurisdiction, the
offering shal be deemed to be made by the Initial Purchasers or such affiliate on behalf of the issuer in such jurisdiction.
This Offering Memorandum has been sent to you in an electronic form. You are reminded that documents transmit ed via this medium may be altered
or changed during the process of electronic transmission, and consequently neither the Initial Purchasers, nor any person who controls them nor any of
their directors, officers, employees nor any of their agents nor any affiliate of any such person accept any liability or responsibility whatsoever in respect
of any difference between this Offering Memorandum distributed to you in electronic format and the hard copy version available to you on request from
the Initial Purchasers.







OFFERING MEMORANDUM
Strictly Confidential


U.S.$2,000,000,000

Corporación Nacional del Cobre de Chile
U.S.$1,000,000,000 3.150% Notes due 2030
U.S.$1,000,000,000 3.700% Notes due 2050
The notes due 2030 (the "2030 notes") will bear interest at the rate of 3.150% per year and will mature on January 14,
2030, and the notes due 2050 (the "reopened 2050 notes") will bear interest at the rate of 3.700% per year and will
mature on January 30, 2050. We refer to the 2030 notes and the reopened 2050 notes, collectively, as the "notes" and,
separately, as a "series of notes." The reopened 2050 notes will have identical terms, be fungible with and be part of
a single series of senior debt securities with the U.S.$900,000,000 aggregate principal amount of the 3.700% Notes
due 2050 issued by us on September 30, 2019 (the "original 2050 notes" and, together with the reopened 2050 notes,
the "2050 notes") following the termination of certain U.S. selling restrictions. During the periods subject to certain
U.S. selling restrictions, the reopened 2050 notes offered pursuant to Regulation S will have temporary CUSIPs and
ISINs. The outstanding aggregate principal amount of the series of 2050 notes, after issuance of the reopened 2050
notes, will be U.S.$1,900,000,000. The interest on the 2050 notes will be payable semi-annually in arrears on January
30 and July 30 of each year, beginning in the case of the reopened 2050 notes on January 30, 2020. The interest on the
2030 notes will be payable semi-annually in arrears on January 14 and July 14 of each year, beginning on July 14,
2020.
We may redeem the notes at our option, in whole or in part, at any time and from time to time prior to the date that is
three months, in respect of the 2030 notes, and six months, in respect of the reopened 2050 notes, prior to the maturity
date of the 2030 notes and the reopened 2050 notes, respectively, at a redemption price equal to the greater of 100%
of the outstanding principal amount of the notes to be redeemed and a redemption price based on a "make-whole"
premium, plus accrued and unpaid interest to the date of redemption. In addition, we may redeem the notes at our
option, in whole or in part, at any time and from time to time, beginning on the date that is three months, in respect of
the 2030 notes, and six months, in respect of the reopened 2050 notes, prior to the maturity date of the 2030 notes and
the reopened 2050 notes, respectively, at a redemption price equal to 100% of the outstanding principal amount of the
notes to be redeemed, plus accrued and unpaid interest to the date of redemption. Upon the occurrence of specified
events relating to Chilean tax law, we may redeem the notes in whole, but not in part, at 100% of their principal
amount, plus accrued and unpaid interest to the date of redemption. See "Description of Notes--Tax Redemption"
and "--Optional Redemption".
The notes will constitute direct, general, unconditional, unsecured and unsubordinated obligations of Corporación
Nacional del Cobre de Chile ("CODELCO" or the "Company"). The notes rank and will rank without any preference
among themselves and equally with all other unsubordinated and unsecured obligations of CODELCO, other than
certain obligations granted preferential treatment pursuant to Chilean law. It is understood that this provision will not
be construed so as to require CODELCO to make payments under the notes ratably with payments being made under
any other obligations. See "Description of Notes--Ranking."
We intend to apply to list the notes on the Official List of the Luxembourg Stock Exchange and for trading on the
Euro MTF market of the Luxembourg Stock Exchange; however, the notes have not yet been listed. The original 2050






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