TGI Presses on with Jumbo Bond

Amid low trading volume and widening CDS spreads in LatAm, TGI, the Colombian power distribution subsidiary of EEB, stuck to its meetings schedule with investors, holding a New York roadshow Monday. It heads to the West Coast today, followed by Boston Wednesday and will wrap up meetings possibly on Thursday, the earliest possible date for pricing the $900m in 10-year notes, rated BB by Fitch. No price guidance is yet heard, and bankers admit that despite interest in this type of issuance, market conditions are unpredictable enough to cause concern. More issuance from EEB is expected farther down the line too. ABN AMRO has sole books, with BBVA, Calyon, and Mizuho as joint leads.