EPM Heard Shortlisting Banks

Colombia’s Empresas Publicas de Medellin (EPM) is heard shortlisting HSBC, Citi, Merrill Lynch and JPMorgan to lead its planned dollar bond offering, according to DCM bankers following the transaction. The Colombian utility had issued in April an RFP for an issue likely of $500m in size and 10 years in tenor. Proceeds from the sale, expected to happen this year, would fund acquisitions as EPM plans to grow beyond Colombia’s borders. Compatriots Ecopetrol and ISA are also in the process of selecting bookrunners for cross-border issues.