Surtigas Raises Local Bonds

Colombia’s Surtigas has sold COP200bn ($112m) in domestic bonds, with demand reaching COP327bn, according to documents published after Tuesday’s sale. The gas distributor sold COP130bn in 2023 bonds at an interest rate of IPC+3.25% and COP70bn in 2033 bonds at IPC+3.64%. The issuer is raising funds to repay debt. Corficolombiana is structuring agent and lead bookrunner, with Casa de Bolsa along as a bookrunner. This is the company’s second domestic bond issuance, and first since a COP60bn deal in 2004. Elsewhere in the Colombian local market, Banco Davivienda is preparing a sale for today and Findeter plans to raise debt on Friday.