EEB Adds to 2021

Empresa Energia de Bogota (EEB) has raised $112m through a private placement reopening its 6.125% 2021 bond, it says. The total issue size is now $722m, following the initial $610m sale. The BBB minus/ Baa3 borrower reopened the bond at 101.75 to yield 5.847% in a deal done quietly during the previous week. Proceeds will be sued to help finance investments in Guatemala and thus strengthening transmission infrastructure in Guatemala through its affiliates Tecsa and EEBIS. Deutsche Bank managed. The markets expect more fundraising ahead from EEB, particularly if it emerges the winner of the sale process of the Colombian government’s 57.7% stake in Isagen. EEB indicated its interest in August, entering a process with other bidders including Grupo Argos, Duke Energy and GDF Suez. The government is asking $2.63bn for the stake.