EEB Launches Follow-on

Empresa de Energia de Bogota has launched a COP700bn ($360m) equity follow-on. The Colombian utility is offering 538.5m shares at COP1,300 each through October 27. The per share price represents a 1.1% discount to Thursday’s COP1,315 close. EEB plans to use the proceeds from the offering to fund its expansion plans. Corredores Asociados is lead manager.