Southern Copper Back on the Road

Southern Copper will be on the road Monday and Tuesday as it seeks to raise funds in the international bond market. The Peru-based unit of Mexican miner and railroad operator Grupo Mexico plans to visit London and Los Angeles Monday and New York and Boston Tuesday. Bank of America Merrill Lynch, Credit Suisse, HSBC and Morgan Stanley are managing. It cancelled a roadshow in September following the announcement of a US court judgment against Grupo Mexico. At the time, the Baa2/BBB/BBB issuer was planning 10-year and 30-year bonds, according to ratings agencies. Southern Copper last issued in April 2010, pricing a $400m 10-year and $1.1bn 30-year tranche through Credit Suisse, Goldman Sachs and Morgan Stanley.