Celsia Set for Local Bond

Colombia’s Celsia is scheduled to issue COP800bn ($414m) in domestic bonds today, it says. The electricity generator and distributor can choose among a 6-year tranche paying IPC plus up to 4.70%, a 12-year paying IPC plus up to 5.60%, a 20-year paying IPC plus up to 5.75% and a 3-year tranche paying IBR plus up to 2.55%. Proceeds from the sale will be used to repay debt. Bancolombia is managing the deal, rated AA+ on a national scale, with bookrunners BTG Pactual and Corredores Asociados.