ISA Sells $500 Million Bonds

Colombia’s largest energy provider, state-controlled Interconexión Eléctrica SA (ISA) has sold $554 million in bonds in a dual-tranche offering. The offering comprised $200 million of notes maturing January 30, 2012, and callable after three years and $354 million of 10-year bonds maturing January 30, 2017. The 2012 bonds were sold at par to yield 7.875% and the 2017 paper at par to yield 8.8%. ABN AMRO and JP Morgan arranged the transaction.