Bond Codealco 6.44% ( US21987BBK35 ) in USD

Issuer	Codealco
Market price	100 % ▲
Country	Chile
ISIN code	US21987BBK35 ( in USD )
Interest rate	6.44% per year ( payment 2 times a year)
Maturity	26/01/2036
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Minimal amount	200 000 USD
Total amount	1 500 000 000 USD
Cusip	21987BBK3
Next Coupon	26/07/2026 ( In 167 days )
Detailed description	Codelco is a Chilean state-owned copper mining company, the world's largest copper producer. This financial analysis centers on a specific bond offering from Codelco, the prominent state-owned copper mining company of Chile. Codelco, formally known as Corporación Nacional del Cobre de Chile, is globally recognized as the largest copper producer, holding a strategic position within the global raw materials market due to its extensive mining operations and significant reserves. As a national entity, its operations are intrinsically linked to the Chilean economy, making it a key driver of national revenue and development, with its implicit sovereign backing contributing to its credit profile in international markets. The bond in question is identified by the ISIN US21987BBK35 and CUSIP 21987BBK3, signifying its unique identifier in international financial systems. Denominated in United States Dollars (USD), this bond carries a fixed annual interest rate of 6.44%, with coupon payments scheduled semi-annually, reflecting a frequency of two payments per year. The bond is set to mature on January 26, 2036. The total size of this particular issuance stands at $1,500,000,000, with a minimum investment threshold for purchasers set at $200,000. Currently, the bond is observed to be trading on the market at 100% of its par value.