Loan & DebtJun 25, 2026, 11:01 AM

Southern Copper Issues $1.25B 5.350% Notes Due 2036

AI Summary

Southern Copper Corporation completed a public offering of $1.25 billion aggregate principal amount of 5.350% notes due 2036. The offering yielded net proceeds of approximately $1.24 billion, which will be allocated to the development of the Tia Maria project, financing capital expenditures, and general corporate purposes for its Peruvian branch, SPCC. The company entered into an underwriting agreement with several financial institutions for the issuance.

Key Highlights

Completed public offering of $1.25 billion aggregate principal amount of notes.
Notes bear an interest rate of 5.350% and are due in 2036.
Net proceeds from the offering totaled approximately $1,241,262,500.
Proceeds will fund the development of the Tia Maria project.
Funds will also finance the capital expenditure program of SPCC.
Underwriters included BofA Securities, Morgan Stanley, Barclays Capital, and Santander.

View SEC Filing

SCCO

Metal Mining

SOUTHERN COPPER CORP/

Price Impact