June 10, 2019 |
Empresa de Energía de Bogotá (EEB) expects to cut financing costs when it gets a new five-year, $749m bullet loan in the coming days, LatinFinance has heard.
"We hope to save $4m annually in interest rates," said an IR official at the power company.
EEB is "pretty close" to signing the new loan and lowering its interest payments to around 175bp over Libor from 200bp, he said.
"We started the negotiating process about a month ago and the markets have changed in our favor," he said, adding that E
Bogotá power company expects to cut funding costs by $20m with a new five-year bullet loan