Southern Copper unit SPCC raises $1.25 billion in bonds to fund Tía María project
Southern Peru Copper Corporation, a Southern Copper subsidiary, said it raised $1.25 billion through a New York bond offering, mainly to develop the Tía María copper project in Peru. The bonds pay 5.35% annually and mature in 2036, and the project is expected to begin operations in the third quarter of 2027.
Key points
- Bonds raised $1.25 billion in a New York market offering, announced June 24, 2026
- Bonds pay an annual interest rate of 5.35% until maturity in 2036
- Tía María has an annual capacity of 120,000 metric tons of refined copper and a total capital budget of $1.8 billion, of which $948 million is already committed
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.