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Gas Natural Issues Colombian Bonds
Gas Natural has issued COP300bn ($165m) in Colombia’s domestic bond market, it says. A COP100bn, 5-year tranche pays IPC+3.22% and a COP200bn, 7-year tranche pays IPC+3.34%. The subsidiary of the Spanish energy company saw more than 3x demand for the issue, which is rated AAA on a national scale. Proceeds will be used to refinance debt and for working capital. Bancolombia and BBVA managed.