Telefónica Colombia Readies $600m A/B Loan

Telefónica’s Colombian unit is preparing to launch a $600m A/B loan. The IDB will fund $125m in a 7-year A-loan and the remaining $475m will be syndicated out as a 5-year B loan, with ABN AMRO, Santander, Citi and BNP leading. Proceeds are for general capex and working capital, according to people close to the deal. Launch is expected in October.