Emgesa Set to Issue

Emgesa is scheduled to issue up to COP300bn ($166m) in Colombia’s domestic bond market today, with the ability to upsize to COP500bn. The generation company’s bonds are expected with a maturity between 10 and 15 years, and either inflation-linked or fixed-rate. The proceeds will be used for refinancing intercompany debt and financing the El Quimbo hydroelectric power project. Corredores Asociados, Correval, BBVA and Serfinco are managing the sale, rated AAA on a national scale.