Colombia Power Firm Sells Local Bonds

Emgesa, a Colombian unit of Spain’s Endesa has sold COP265bn ($104m) in local floating-rate bonds, on the back of some COP630bn demand, according to a banker on the deal. The power provider priced 2014 bonds at DTF plus 1.47%, 2019 bonds at the IPC index plus 5.78% and 2024 bonds at IPC plus 6.09%. The sale managed by Citi is rated AAA on a national scale.