Cleary Gottlieb Steen & Hamilton represented longstanding client Corporación Nacional del Cobre de Chile (Codelco), a Chilean state-owned company that is the world’s largest copper producer, in a $2 billion debt offer and related tender.

The debt offering consisted of $1.1 billion Rule 144A/ Reg S, 3% notes due 2029 and $900 million of Rule 144A/ Reg S, 3.7% notes due 2050.