Emgesa Sets Levels

Colombia’s Emgesa has communicated 8.75%-9.00% yield guidance on a new 2021 COP-denominated bond. The bond is expected to be $400m equivalent and price as soon as today. The power generation company, controlled Colombian energy company Empresa de Energia de Bogota, met investors in the US and London through Wednesday. Citi and Deutsche are managing that sale, rated BBB minus. Proceeds are expected to be used to help finance construction of the $840m 400MW Quimbo hydroelectric plant.