Gases de Occidente Raises Domestic Bonds

Gases de Occidente has issued COP200bn ($111m) in Colombia’s domestic bond market, according to sources following the sale. The gas distributor sold COP110bn in 2022 bonds at IPC+3.75%, and COP90bn in 2032 bonds at IPC+4.13%. The issue saw COP256bn in demand. Corficolombiana and Casa de Bolsa managed the transaction, rated AAA on a national scale.