Generator Revs up Domestic Bond

Celsia is moving ahead with plans to sell up to COP800bn ($414m) in Colombia’s local bond market, at maturities between 18 months and 20 years, it says. The sale is expected in the second week of December, according to people following the process. The electricity generator and distributor is raising funds to repay debt. Rated AA+ on a local scale, the sale will be led by Bancolombia with BTG Pactual and Corredores Asociados as bookrunners.