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Southern Copper (SCCO -1.3%) postpones a planned bond sale after the Delaware Supreme Court...

Southern Copper (SCCO -1.3%) postpones a planned bond sale after the Delaware Supreme Court upholds a $2B judgment against parent company Grupo Mexico. SCCO, the largest producer of the metal in Peru and Mexico, reportedly had planned to sell 10- and 30-year bonds as soon as this week.
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Comments (3)
  • eppf2
    , contributor
    Comments (271) | Send Message
     
    If they are able to collect - that's always the problem with this type of judgement- within a reasonable time frame then putting off a bond issue sounds like a good move.
    4 Sep 2012, 06:45 PM Reply Like
  • eppf2
    , contributor
    Comments (271) | Send Message
     
    If they can get the funds - always a problem in judgements like this - within a reasonably short time frame then postponing a bond offering sounds like a good decision.
    4 Sep 2012, 06:45 PM Reply Like
  • eppf2
    , contributor
    Comments (271) | Send Message
     
    If the judgement holds and the funds received - not always one can count on - in a timely fashion then postponing the bond offering is probably a good decision.
    5 Sep 2012, 12:54 AM Reply Like
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