Hudbay Completes $52 Million Municipal Bond Offering for Copper World Project
Hudbay Minerals completed an offering of US$52 million of 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds for its Copper World project, with an initial mandatory tender date of July 2, 2036.
Hudbay Minerals completed an offering of US$52 million in aggregate principal amount of 4.50% Arizona Industrial Development Authority Solid Waste Disposal Revenue Bonds for its Copper World project [1]. The bonds carry an initial mandatory tender date of July 2, 2036 [1].
The Toronto-based miner issued the bonds through the Arizona Industrial Development Authority under the Series 2026A designation [1]. Copper World LLC, Hudbay's project entity, is the named obligor [2]. The 4.50% coupon represents the fixed interest rate Hudbay will pay bondholders through the mandatory tender date a decade out.
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