EEB Advances FO

Empresa de Energia de Bogota has approved plans for an equity follow-on of up to COP1trn ($551m). The timing and exact size remain to be determined, and given the difficulty issuers are having across the region, it is not expected to launch soon. Corredores Associados is advising the utility, according to a person with knowledge of the matter, and is expected to be a lead manager along with other banks. EEB plans to use the proceeds from the offering to fund its expansion plans. Shares closed Wednesday at COP1,435.