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ETB Sees Strong COP Demand

Jan 11, 2013

Scarcity value and a pickup to other peso-denominated paper meant a strong bid for Empresa de Telecomunicaciones de Bogota’s (ETB) $300m-equivalent global COP-denominated bond. The city-owned telecom received $2.4bn in orders in its international debut, according to people following the sale, and brought pricing down to the bottom of the...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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