Colombian Gas Company to Mandate on Loan

Gases de Occidente is looking to raise COP70bn ($36.5m) through a 7-year bullet loan, with an anticipated interest rate of DTF+4% or DTF+5.5%. The Colombian natural gas company has yet to select a bank, though Bancolombia is a likely contender in light of the rate it is offering, says a person familiar with the deal. The company is expected to mandate a bank this week.