October 31, 2011
Empresa de Energia de Bogotas COP700bn ($376m) equity follow-on has s
Empresa de Energia de Bogota’s COP700bn ($376m) equity follow-on has seen orders of 1.3 times that amount after books were recently closed. The utility is expected to upsize the deal to about COP770bn, according to a person familiar with the transaction. The Colombian utility offered 538.5m shares at COP1,300 each. EEB plans to use the proceeds to fund its expansion plans. Corredores Asociados is lead manager. EEB Shares closed Friday at COP1,325.