EPM Telecom Unit Readies Domestic Bond

EPM Telecomunicaciones, the telecom unit of Colombia’s Empresas Publicas de Medellin, is preparing to sell Friday COP200bn in bonds on the domestic market, according to a broker managing the sale. It has the option to sell up to COP300bn. The issuer, also known by its Une brand, will split the sale into 5-year and 10-year tranches each paying interest at a spread over IPC. Coreval and Bancolombia are managing the sale, rated AAA.