Emgesa Sells COP400m Bonds

Colombian generator Emgesa has sold COP400m ($191m) in bonds on the domestic market. The unit of Spain’s Endesa priced COP92.2bn in 2104 fixed-rate bonds at 9.27%, as well as COP218.2bn in 2018 bonds at the IPC inflation rate plus 5.90% and COP89.6bn in 2021 bonds at IPC plus 6.10%. The book reached almost COP950bn, according to brokers managing it. Citi, Correval and Corredores Asociados were leads on the transaction, rated AAA on a national scale. Other Colombian issuers in the pipeline include Grupo Financiero de Infraestructura and Banco Davivienda.