Emgesa Still on Deck

Emgesa is expected to issue up to COP300bn ($166m) in Colombia’s domestic bond market today, after originally aiming to price Wednesday. The generation company is able to choose from maturities of 10-15 years, with the possibility to upsize to as much as COP500bn. 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.