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Codelco - pre-export financing

26 March 2010

Trade favoured by Chile’s Codelco

This Santander-arranged bilateral pre-export financing for Chile’s state copper mining company, Corporación Nacional del Cobre de Chile (Codelco), was the largest trade finance deal to close in the Chilean market in 2009.At $400 million and with a tenor of 2.5 years, the deal was also keenly priced considering the...


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