Carey, Cleary Gottlieb advise COLDECO on $600M Formosa bond offering
Chile´s Corporación Nacional del Cobre (CODELCO) instructed Carey, Cleary Gottlieb, and Lee and Li on a $600 million Regulation S offering in Taiwan.
CODELCO is a Chilean state-owned company and the world’s largest copper producer.
HSBC Bank (Taiwan) and BNP Paribas, Taipei Branch acted as joint book-running managers on the offering. The transaction is reportedly the first for a Chilean company.
Partner Duane McLaughlin led the Cleary Gottlieb team advising CODELCO.
Carey advised CODELCO on Chilean law matters, partner Diego Peralta led the Carey lawyers.
CODELCO instructed Lee and Li for local law matters in Taiwan.