ISA Authorizes $300m Bonds

Colombia’s state-controlled power grid operator Interconexion Electrica plans to sell as much as $300m in bonds to finance expansion. A debt plan approved by shareholders allows for domestic and/or international issuance at any point in the next 12 months. The debt will mainly be used to refinance short-term borrowing to cover recent acquisitions, a spokeswoman tells LatinFinance.