EEB Gets $100m CAF Loan for Ecogas

Colombian state-owned power company EEB has received a $100m loan from CAF to complete the financing of its acquisition of the Ecogas network. Terms of the loan were not disclosed. EEB won a 2006 auction to buy Ecogas for $1.46bn and financed the purchase with short-term syndicated loans later replaced with $750m and $610m bond sales, but was still short $100m. In a separate transaction, City of Bogota received $55m in CAF loans for road improvement.