October 9, 2019 |
Colombia's Promigas has raised $400m from its first debt sale in the cross-border bond market, issuing 10-year notes at 230bp over the US Treasury notes, a market source told LatinFinance.
The bookrunners Citi and JPMorgan had set the initial price talk at 262.5bp over US Treasury notes, before tightening the spread by 32.5bp as investors piled into the latest dollar-denominated notes from a Colombian corporate issuer, said a debt capital markets banker in New York.
The bonds priced at 99.234 wi
Colombian natural gas company issues $400m in 10-year bonds at 230bp over US Treasury notes