Southern Copper Corporation, founded in 1952 and headquartered in Phoenix, Arizona, operates as a major mining company focused on copper production. As a subsidiary of Grupo Mexico, it is dedicated to the exploration, production, and development of copper and other minerals, employing advanced mining techniques to maximize efficiency.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SCCO 3.88% 2025-04-23 USDSouthern Copper Corporation | United States | 2025-04-23 | 3.875 | 0.00 |
| SCCO 5.25% 2042-11-08 USDSouthern Copper Corporation | United States | 2042-11-08 | 5.250 | 5.75 |
| SCCO 5.88% 2045-04-23 USDSouthern Copper Corporation | United States | 2045-04-23 | 5.875 | 5.78 |
| SCCO 6.75% 2040-04-16 USDSouthern Copper Corporation | United States | 2040-04-16 | 6.750 | 5.57 |
| SCCO 7.50% 2035-07-27 USDSouthern Copper Corporation | United States | 2035-07-27 | 7.500 | 5.25 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Southern Copper began its bond issuance program in the 1990s, enhancing its ability to fund capital projects and operations. A notable issuance occurred in 2020 when the company raised $1 billion in 10-year bonds, which were exceptionally well-received with a yield of 3.5%, outperforming comparable industry benchmarks. This issuance was aimed at refinancing existing debt and supporting growth initiatives. The company also actively monitors market conditions, adjusting bond offerings to optimize financing while maintaining a solid credit rating, reflecting investor confidence in its strategic direction.