Colinversiones Pursues Bancolombia Line

Colombia’s Colinversiones says it will begin negotiations with Bancolombia to obtain a 10-year COP650bn ($325m) loan to refinance its short-term debt and make it long-term. A company spokeswoman says interest rates are still to be negotiated. In addition, the energy-focused company is also considering issuing local bonds worth COP900bn to finance power plant developments.