Phelps Dodge Corp., founded in 1834 and headquartered in Phoenix, Arizona, is a prominent player in the mining and manufacturing sectors, specializing in copper and other non-ferrous metals. The company is recognized for its extensive operations in copper production, copper rods, and various other metal products used across multiple industries.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FCX 6.13% 2034-03-15 USDPhelps Dodge Corp. | United States | 2034-03-15 | 6.125 | 5.42 |
| FCX 7.13% 2027-11-01 USDPhelps Dodge Corp. | United States | 2027-11-01 | 7.125 | 4.53 |
| FCX 9.50% 2031-06-01 USDPhelps Dodge Corp. | United States | 2031-06-01 | 9.500 | 4.72 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Phelps Dodge has a rich history of bond issuances, beginning with its first corporate bond offering in the early 20th century, which helped finance expansion efforts. Notably, the company issued a $1 billion bond in 2007 to fund its acquisition of the Southern Copper Corporation, marking one of the most significant transactions in its history. Currently, yields on Phelps Dodge bonds are competitive within the industry, reflecting strong demand and healthy financial metrics, with features such as call options in certain series providing added flexibility for investors.