Chile's Codelco signs $500 million insurer-backed credit agreement
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Codelco, Chile's top copper producer, secures a $500M credit deal with Santander, backed by SACE, showcasing global financial collaboration.
SANTIAGO (Reuters) - Chile's state-owned miner Codelco, the world's largest copper producer, said on Wednesday it signed a credit agreement for $500 million through Spanish lender Santander and with a guarantee from Italian state credit insurance agency SACE.
(Reporting by Fabian Cambero; Editing by Kylie Madry)
The article discusses Codelco's $500 million credit agreement with Santander, backed by SACE.
Codelco, Santander, and Italian state credit insurance agency SACE are involved.
Codelco is known as the world's largest copper producer.
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