Colombia’s ISA Readies Local Bonds

Colombian state-controlled electricity grid operator Interconexion Electrica plans to sell COP100bn ($43m) in 2026 bonds today. The issue is a reopening of a bond originally sold in 2006, and pays interest at the UVR inflation rate plus 4.58%. The bonds could be offered at a discount, Gonzalo Maya, director of financial resources at ISA, tells LatinFinance. He adds that ISA can sell up to COP130bn if it chooses. Proceeds will go towards working capital. Citi, Correval and Bancolombia are managing the sale.