EPM, Emgesa Prep Bond Roadshows

Colombian electric companies Empresas Publicas de Medellin (EPM) and Emgesa are each planning to meet debt investors beginning Monday. Baa3/BBB minus EPM plans to kick off in London on Monday, then visit New York and Boston before finishing in LA Thursday. It has not indicated any details of a transaction. If the municipally-owned utility were to do a dollar transaction, it would be its first since a $500m 10-year in 2009. BAML and Barclays have been hired to manage the roadshow. Separately, Emgesa, the generation company controlled by EEB, will start in London on Monday and visit Boston before finishing in New York and LA Wednesday. It is planning to sell $400m in 2021 bonds, according to a Fitch report assigning a BBB minus to the issuance. Citi and Deutsche are managing the sale.