By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., April 30 – Antofagasta plc priced $750 million of 6¼% senior notes due 2034 (BBB/BBB+) at Treasuries plus 170 basis points on Monday, according to a market source.
Initial price talk came in at Treasuries plus 200 bps area.
Bookrunners were BofA Securities, Credit Agricole CIB, Natixis and Scotia.
Antofagasta is a London-based mining conglomerate with operations in Chile.
| Issuer: | Antofagasta plc
|
| Amount: | $750 million
|
| Issue: | Senior notes
|
| Maturity: | May 2, 2034
|
| Bookrunners: | BofA Securities, Credit Agricole CIB, Natixis and Scotia
|
| Coupon: | 6¼%
|
| Spread: | Treasuries plus 170 bps
|
| Pricing date: | April 29
|
| Ratings: | S&P: BBB
|
| Fitch: BBB+
|
| Price talk: | Treasuries plus 200 bps area
|
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