Emgesa Powers toward Local Issue

Emgesa is planning to issue up to COP300bn ($166m) in Colombia’s domestic market on December 12, with the ability to upsize to COP500bn, it says. The generation company’s bonds are expected with a maturity between 10 and 15 years, and either inflation-linked or fixed-rate. The funds will be used for refinancing intercompany debt and financing for the El Quimbo hydroelectric power project. The issuance is rated AAA on a national scale.