Surtigas Plots Domestic Debt

Colombia’s Surtigas continues working toward a COP200bn ($113m) domestic bond issuance, tentatively expected the second week of February, say people familiar with the process. It is heard to be seeking IPC-linked interest rates and long tenors, with 10 and 15-year tranches possible. Funds will be used to repay debt. Corficolombiana is managing the transaction.