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Chile's Codelco signs $500 million insurer-backed credit agreement

Published by Global Banking & Finance Review

Posted on May 7, 2025

1 min read

· Last updated: January 24, 2026

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Chile's Codelco signs $500 million insurer-backed credit agreement
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Codelco Signs $500M Credit Deal with Insurer Backing

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)

Key Takeaways

  • Codelco signs a $500 million credit agreement.
  • The deal involves Spanish lender Santander.
  • Italian agency SACE provides a guarantee.
  • Codelco is the world's largest copper producer.
  • The agreement highlights international financial cooperation.

Frequently Asked Questions

What is the main topic?
The article discusses Codelco's $500 million credit agreement with Santander, backed by SACE.
Who is involved in the credit agreement?
Codelco, Santander, and Italian state credit insurance agency SACE are involved.
What is Codelco known for?
Codelco is known as the world's largest copper producer.

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