November 19, 2013
Codensa has raised COP100bn ($52m) in in Colombia’s domestic bond market, i
Codensa has raised COP100bn ($52m) in in Colombia’s domestic bond market, it says, adding to the COP275bn sold last week. The electric distributor sold COP15.3bn in additional 2018 bonds at the same IPC+3.92 price, and an additional COP84.7bn in 2025 bonds at IPC+4.80%. Codensa is raising proceeds to pre-finance upcoming bond maturities. Corredores Asociados, Bancolombia, Correval and BBVA managed the deal, rated AAA on a local scale.