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Mining

Antofagasta agrees issuance pricing of US$500mln of 5.625% senior unsecured notes

The copper producer will use net proceeds from the issuance for debt repayments

Antofagasta PLC (LSE:ANTO) announced that yesterday it agreed on the pricing of its issuance of US$500mln of 5.625% senior unsecured notes due 2032.

The copper producer will use net proceeds from the issuance for debt repayments.

It will apply to the Financial Conduct Authority for the notes to be admitted to its official list, as well as seeking admission to trading on the London Stock Exchange's regulated market.

Settlement and issue of the notes are expected to occur on 13 May.

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