Chilean Metals Producer to Hit MXP Debt Market

Chilean metals producer Molibdenum y Metales has filed to issue 2018 bonds in the Mexican market, to be denominated in pesos or the UDI inflation-linked unit. The amount has not been set, but it would be the first offering under a MXP3bn shelf filed this month through Banamex. Molymet, as it is better known, produces mainly molybdenum and rhenium at facilities in Mexico, Chile, Germany and Belgium. The transaction has national scale ratings of AA from S&P and AA+ from Fitch.