March 18, 2019 |
Enel-Codensa, a Colombian power company owned by Italy's Enel, raised COP485m ($155m) from a two-part bond sale in the local market, increasing the size of the deal on high demand, LatinFinance has heard.
Enel started the bond sale at COP450bn, but it added to the offer after orders reached 2.5 times the offer, sources said.
The large order books allowed the bookrunners to tighten the spread by 20bp to 30bp from initial price talk to print four-year notes at 630bp over local treasury bonds and 1
Enel-Codensa tightens spreads on $155m in local notes on strong demand, sources say