Bank of Tokyo's U.S. corporate banking unit has helped arrange a $290 million loan to Phelps Dodge Corp., a Phoenix-based mining company.

The loan, to develop the Candelaria copper and gold mine in Chile, highlights a new strategy at Bank of Tokyo of using its Asia-Pacific connections to structure financial transactions for large U.S. corporations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.