Codelco is a Chilean state-owned copper mining company, the world's largest copper producer.
This financial article details a specific fixed-income instrument, identified by ISIN USP3143NAR54 and CUSIP P3143NAR5, issued by Codelco, the Chilean National Copper Corporation. As a state-owned entity and the world's largest copper producer, Codelco represents a cornerstone of Chile's economy and is a prominent issuer in the global debt markets. This particular bond, denominated in USD, carried an annual interest rate of 4.5% with semi-annual coupon payments. The total issuance size for this security was USD 881,000,000, structured with a minimum purchase increment of USD 200,000 per tranche. Importantly, the bond reached its scheduled maturity date on August 12, 2023, and has since been fully redeemed at 100% of its par value, as reflected by its current market price. Regarding independent credit assessments, this bond was designated 'NR' (Not Rated) by both Standard & Poor's (S&P) and Moody's, signifying that these prominent rating agencies did not provide a public credit rating for this specific issue throughout its tenure.
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