Opaín lands private placement

Opaín lands private placement

Bonds Capital Markets Debt Fixed Income Funds Project & Infrastructure Finance Loans Rule 144a/ RegS Colombia US

Colombia's Opaín has sold $415m in seven-year notes through a private placement, receiving solid demand from insurance companies and investment funds, its controlling shareholder, Odinsa, said in a statement. BNP Paribas, HSBC and SMBC were the placement agents on the 4(a)(2) private placement in the US market, taking in $693m in orders, said a source involved in the transaction. Opaín will use the money to pay off a $500m club loan it signed in 2015, the source said. The company, which operates

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