Colombian Telecom Signs Loan

Colombia’s UNE EPM Telecomunicaciones has finalized a 10-year bank credit for up to COP400bn ($223m), it says. The facility pays the DTF+3.90%. Funds are expected to be used for the business’s growth and expansion plans. BBVA, Bancolombia, Banco de Bogota Banco Popular and Santander provided the credit. The borrower is rated AAA on a national scale.