Codelco taps debt market to fund record copper-mine investments

Codelco is tapping the bond market to the tune of about $1.5-billion to help fund record investments needed to retain its status as the world’s biggest copper producer.

Chile’s state mining firm is offering two benchmark-size tranches of about $750-million each — one maturing in 10 years and the other in 30 years, according to people familiar with the matter. It sold a similar amount a year ago.