EPM lines up new loan

EPM lines up new loan

Corporate & Sovereign Strategy Loans Funds Project & Infrastructure Finance Electricity Gas Colombia

Empresas Públicas de Medellín (EPM) plans to sign a $750m credit line with HSBC by the end of the week, LatinFinance has heard. The public utility company will use the three-year loan, priced at 275bp over Libor, to invest in water, energy and natural gas projects, but it will not spend any of it on the Ituango hydroelectric power plant, said a source at EPM. The company has postponed the opening of Ituango by three years after landslides in April and May caused the reservoir to rise and almost

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