Chilean copper production giant Codelco recently raised $2 billion in a bond offering as part of its ongoing efforts to expand its copper production output. Codeldco issued 10-year notes with a 5.966% yield for $1.3 billion and 30-year notes with a 6.331% yield for $700 million.

The company recently set its lowest annual production guidance in 25 years and plans to increase copper output. However, company executives have been hampered by…

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