EEB sees savings from rollover

EEB sees savings from rollover

Loans Debt Project & Infrastructure Finance Energy Electricity Colombia

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 tha

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial