Emgesa Plots COP Issue

Emgesa will look to issue COP350bn ($192m), expected on December 12, and could upsize that amount to COP500bn, says a source familiar with the Colombian generation company’s plans. It can choose from 10 and 12-year maturities, at a fixed rate or linked to inflation. The proceeds will be used to repay debt and also to help finance the El Quimbo hydroelectric project in southwestern-central Colombia. Corredores Asociados, Correval, Serfinco and BBVA are managing the sale. Its bond program is rated AAA on a national scale.